The pair rallied to the upside sharply closing near 90.40, which represents the most important level for the short term and medium term trend, while it begins today’s trading attempting to breach this level, and these signs hint to a major turn with the trend into the upside, as a daily close above the mentioned level will provide an initial key to head towards 95.00
Now, we need to stop aside in order to monitor the dialy close and then to get confirmation signs for the next trend.
Expected trading range for today is between: 89.50 support and 91.65 resistance.
Expected trend for today: Neutral