The pair showed positive trading yesterday approaching now from 0.9300 and away from EMA50, and as we mentioned in our recent reports , the sideways range will be preferred on the intraday basis between 0.9400 and 0.9120 until surpassing one of these levels.
Stochastic reaches the overbought levels to signal for a potential downside bouncing especially when reaching the aforementioned sideways range resistance.
Expected trading range for today is between: 0.9160 support and 0.9400 resistance.
Expected trend for today: sideways