The pair’s trading bounces to the downside after retesting the previous broken bullish channel support, and the price finds now a support at EMA50, to make the trading limited now between 1.6155 and 1.6100.
And as we mentioned this morning, the neutrality will be required now until getting clearer signals for the trend by monitoring the price behavior according to the aforementioned levels.
Expected trading range for today is between: 1.6000 support and 1.6300 resistance.
Expected trend for today: neutral