The pair fluctuates near the bearish channel’s resistance shown on the chart above, and the tight range remains dominating the intraday trading, while the negative pressure keeps coming from EMA50 and stochastic.
In general, we still keep our bearish expectations valid, mainly targeting the psychological level at 0.9000, which requires holding below 0.9290 to achieve it.
Expected trading range for today is between: 0.9100 support and 0.9300 resistance.
Expected trend for today: Bearish