The pair formed a new bearish wave during yesterday’s trading, approaching the negative target at 182.85, which forced it to form a positive rebound as Stochastic exited oversold levels, pushing the price to stabilize near 183.85.

 

Note the continuation of the 184.85 level as an additional resistance barrier, with the stability of the moving average 55 above the current levels, supports the possibility of renewed bearish attempts. The pair may retest the extended support level at 182.80, and a break below this level would confirm a move into a new negative phase, to expect extra losses toward 182.20 reaching 180.80.

 

 

The expected trading range for today is between 182.85 and 184.20.

 

Trend forecast: Bearish