The pair remains stable below the resistance level at 120.10 to decline since morning reaching level around 118.50.
We are continuing in our overview of expecting more correction moves to reach 117.80 which formed an obstacle against the price rising recently.
We notice the moving average stability at the waited level around 117.80 which might form a barrier against the continuation of the moving to the downside during today’s trading.
Expected trading range is between: 117.80 and 119.00
Expected trend for today: Bearish