The pair begins today’s trading with negative bias heading towards the channel’s support shown in the image, while EMA50 forms a support against the intraday trading.
In general, we keep our bullish scenario that mainly depends on stability within the mentioned channel, while our targets begin at 1.0700, and holding above 1.0495 is the key to achieve it.
Expected trading range for today is between: 1.0495 support and 1.0700 resistance.
Expected trend for today: Bullish