The pair managed to achieve the second target at 0.9370, and closed yesterday’s trading below the EMA50, which adds more confirmation for the continuation of the suggested bearish bias on the intraday and short term basis, where our next target is located around 0.9290
Stochastic keeps supporting the expected bearish wave, which remains valid conditioned by the stability below 0.9400 and the most important below 0.9510
Expected trading range for today is between: 0.9290 support and 0.9465 resistance.
Expected trend for today: Bearish