The pair found a strong ceiling at the breached support for the rising wedge shown in the image, this support turns into resistance at 1.0500, and as we mentioned recently, breaching this level is needed to support the chances of getting back to the bullish trend again.
Stochastic is gaining a good momentum supports the supposed positive action, with being aware that breaching 1.0420 will delay the moving to the upside and leads into a decline initially towards 1.0365, therefore, we are continuing in neutrality until being certain of the next trend.
Expected trading range for today is between: 1.0365 support and 1.0600 resistance.
Expected trend for this week: Neutral