The pair continues its positive trading approaching from the main target at the bullish channel’s resistance at 102.55, where we continue in preferring the intraday bullish bias now, taking into consideration that there is a potential downside bouncing from the mentioned target, according to the trading inside the price channels.
The steadiness of the mentioned resistance will force the price to head towards 99.65, while breaching above it will open the way towards more gains on the medium term basis.
Expected trading range for today is between 100.95 support and 103.00 resistance.
Expected trend for today: Bullish