The pair trading close settled yesterday below 1.2900, reinforcing our expectations for the continuation of the bearish trend, which is supported by the EMA50, waiting for our main target at 1.2725
Stochastic positivity might cause some temporary sideways fluctuation before resuming the bearish trend 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