The pair made a first attempt to surpass 0.9235 and remains stable above this level until now, and as we mentioned previously, breaking this level is required to reinforce our expectations for the bearish trend return again.
In general, the bearish trend will remain preferred on the short term basis, as long as 0.9400 wasn’t breached, where this breach will turn the trading to the upside and we might witness a visit to levels around 0.9600 followed by 0.9770.
Expected trading range for today is between: 0.9200 support and 0.9400 resistance.
Expected trend for today: Bearish