The pair remains stuck between the bullish channel support -which turns into resistance at 1.6180- and EMA50 which forms a support barrier now at 1.6110, this makes us continue in our neutral attitude until surpassing one of these levels and followed by providing a clearer signals for the upcoming trend.
Note that breaching above 1.6180 will turn the price back to the bullish trend again, while breaking below 1.6110 will lead to test the short term bullish trend at 1.6020, and breaking it will cause a major turning in the short term trend.
Expected trading range for today is between: 1.6020 support and 1.6300 resistance.
Expected trend for today: Neutral