The pair failed to breach the recently mentioned top at 99.93, to fall breaking the EMA50 with today’s opening, which allows us to suggest the continuation of the bearish bias domination targeting 96.05 initially, noting that this level represents the upside channel’s support, which hints to possible bullish bounce from there.
Expected trading range for today is between 97.15 support and 99.93 resistance.
Expected trend for today: Bearish