The pair provided positive trading with today’s opening, fluctuating now around the EMA50, while the stability below 1.2970 remains the main factor that keeps the intraday bearish trend expectations valid.
Stochastic reaches the overbought areas to support the waited decline, and we still waiting for testing the main level at 1.2725, pointing that breaching above 1.2970 will push the price to visit levels that begin at 1.3040 followed by 1.3145
Expected trading range for today is between: 1.2800 support and 1.3040 resistance.
Expected trend for today: Bearish