The pair’s price remains affected by conflicting signals from the main indicators, forcing it to trade sideways with repeated fluctuations below the 218.60 level, which currently represents a temporary barrier against further bullish momentum. As a result, the price has entered a new sideways range, settling near the 218.00 level.

 

We reiterate that the bullish scenario remains valid as long as the support level at 216.75 holds. Furthermore, the continued formation of 217.50 as additional support leads us to expect the price to gather positive momentum, enabling it to break above the barrier and then reach the next bullish targets, which may begin at 219.40 and 220.00.

 

 

The expected trading range for today is between 217.85 and 219.40

 

Trend forecast: Bullish