The pair managed to surpass the EMA50 and trades positively with today’s opening, reinforcing our yesterday suggested positive expectations, waiting for hitting the current bullish channel resistance around 100.00
Breaking below 97.30 will stop the positive scenario temporarily and leads to an intraday turn for the trend.
Expected trading range for today is between 97.30 support and 100.00 resistance.
Expected trend for today: Bullish