The pair remains stable above 1.5900 and the EMA50, to keep our positive expectations on the intraday basis valid, as waiting to hit targets mainly near to 1.6020.
Stochastic negativity interprets the reasons of the recent sideways range fluctuation and the slowness in the waited bullishness process.
Expected trading range for today is between: 1.5800 support and 1.6100 resistance.
Expected trend for today: Bullish.