The pair is fluctuating in sideways range settling below the EMA50, while Stochastic provides negative overlapping signal now, which supports the continuation of the intraday suggested bearish trend.
Thus, the bearish trend remains valid and the waited target is 96.45 before bouncing higher to resume the main bullish trend.
Expected trading range for today is between 96.45 support and 98.65 resistance.
Expected trend for today: Bearish