The pair provides negative trading to hit the initial target around 120.00 to move away from its main resistance which supports the continuation of the bearish trend domination on the near and medium trading as it is expected to achieve break below 119.90 reaching to 119.10 followed by 118.20 in the near trading.
Stochastic supports the expected negativity by settling below 50 to reach the moving average around 118.10
Expected trading range is between 121.40 and 118.10
Expected trend: bearish