The pair shows tight range trading and fluctuates near the EMA50, where it keeps the stability above this line, which encourages us to continue in preferring the intraday bullish trend and the targets begin at 99.70 and extend towards the psychological barrier 100.00
Breaking below 98.60 will turn the intraday trading towards the downside to visit the bullish channel’s support at 97.40
Expected trading range for today is between 98.10 support and 100.00 resistance.
Expected trend for today: Bullish