The pair continues to negotiate with the upside channel’s resistance, while stochastic provides negative signals on the four hours time frame.
Therefore, we continue to suggest the bearish trend for today, waiting for targets that begin by testing 97.60, and remember that breaching above 99.75 will stop the negative possibility and leads into more bullish actions.
Expected trading range for today is between 97.60 support and 100.00 resistance.
Expected trend for today: Bearish