The chart above shows that the pairs’ bullishness stopped when it retested the previous breached rising wedge support, signaling that the price will resume the bearish trend again.
On the other hand, yesterday’s candlestick close was above the EMA50, which keeps some of the chances to return trading positively.
Therefore, we prefer staying aside for today until being sure from the next trend, the must to be monitored levels represented by 1.0285 support and 1.0435 resistance.
Expected trading range for today is between: 1.0200 support and 1.0500 resistance.
Expected trend for today: Bullish