The pair continues its decline heading towards the main waited target at the bullish channel’s support which rises now towards 96.30, accompanied with Stochastic entering the oversold levels, to provide chances for a bullish rebound from there.
Now, we prefer more downside track towards the mentioned target, and monitoring the price behavior is required when reaching this level to be certain from the next trend.
Expected trading range for today is between 96.30 support and 98.65 resistance.
Expected trend for today: Bearish