The pair’s trading settles near 1.2800 after retesting 1.2990 yesterday, keeping the suggested bearish trend scenario on the intraday and short term basis, reminding you that our main target is located at 1.2725
The EMA50 supports our bearish trend expectations, while Stochastic might cause some temporary sideways fluctuation.
Expected trading range for today is between: 1.2700 support and 1.2970 resistance.
Expected trend for today: Bearish