The pair begins today’s trading clearly positive to surpass the critical resistance level 87.50, and as we mentioned recently, confirming this breach means that the way will be open to target 90.00- 90.50
In general, the bullish trend will remain valid on the intraday basis until the appearance of strong negative technical signal turns the price back to resume the medium term bearish trend.
Expected trading range for today is between: 87.00 support and 89.00 resistance.
Expected trend for today: Bullish