The pair’s price has no choice but to activate its bearish corrective move, given its repeated stability below the 186.05 barrier. The price has currently started forming some bearish waves, reaching around 185.30.

 

The price now needs fresh bearish momentum to renew pressure on the 184.85 level. A break below this obstacle could extend the corrective trading move in the near term toward 184.40 and 184.00, respectively.

 

The expected trading range for today is between 184.40 and 185.70

 

Trend forecast: Bearish