The pair is fluctuating in sideways range near the bullish channel resistance that appears in the above chart, while we still expecting a bearish rebound after touching this resistance, and the first target is testing 97.60
We remind you that breaching above the channel resistance – currently at 99.70 – will push the price to continue in its upside track on the short term basis.
Expected trading range for today is between 97.60 support and 100.00 resistance.
Expected trend for today: Bearish