The pair reached 119.20 in yesterday’s trading to keep the price within the bearish bias waiting for achieving 118.15 which represents the initial target for the negative trading.
The stability of the trading below 121.10 makes us hold with our negative expectation to visit different levels begin at 117.30, Stochastic supports our bearish expectation by breaching 20 level to the upside.
Expected trading range is between 120.30 and 118.20
Expected trend: bearish