The pair’s price did not hold for long above the firm barrier at 185.80, affected by the negative US data, which forced it to postpone the bullish attack and form negative corrective waves, targeting the 184.60 level.

 

We highlight the importance of maintaining trading above the additional support level located at 184.20, as this would enhance the chances of the price renewing its bullish attempts by moving soon toward 185.50 and then resuming pressure on the previously mentioned barrier. However, a decline below the support and a negative close would force the price to incur additional losses, initially moving toward 183.55.

 

 

The expected trading range for today is between 184.35 and 185.80

 

Trend forecast: Bullish