The pair is trading again in sideways range to be limited below 126.25 and the moving average 55, and we notice the price positivity in the morning after touching the initial support line at 124.15
We stay aside now until the price surpasses one of the abovementioned levels, and we notice stochastic positive move which supports the price rise during today’s trading towards the resistance line, and we should be aware that breaking 124.40 will push the price to fall towards 123.60 then to 122.30
Expected trading range is between 124.40 and 126.20
Expected trend for today: Neutral