The pair rallied negatively suffering clear losses by touching 124.95 level and finds solid support level against it, to bounce towards 127.30 again, and we notice the stability since morning between the previous support and 131.15 resistance, to be hesitant at the current trading.
We recommend neutrality today until getting clearer overview to detect the next trend, while the speculative traders can continue with the bearish bias to reach 124.90 again.
Expected trading range is between 128.70 and 124.90
Expected trend for today: Neutral