The upside channel’s resistance line continues to prevent the pair from more rise, and signs of downside bounce appear now, as we continue to expect bearish actions from the current levels, while the initial target is a visit to 97.75 level.
Breaching above 99.90 will lead into bullish rally with 101.00 as first main target.
Expected trading range for today is between 97.75 support and 100.00 resistance.
Expected trend for today: Bearish