The pair fluctuates in tight range since yesterday, making some attempts to test 1.2900 but it still below this level, and that allows us to keep our expectations of the bearish trend which is mainly targeting 1.2725.
Stochastic and the EMA50 are supporting our scenario which remains valid conditioned by the stability below 1.2970.
Expected trading range for today is between: 1.2725 support and 1.2970 resistance.
Expected trend for today: Bearish