The pair ended its corrective bullish rebound after encountering resistance near 0.8605 and stabilizing below it, maintaining its overall movement within the bearish channel shown on the attached chart.

 

The main indicators have also started providing bearish momentum, supporting the continuation of the negative scenario. The price is currently stabilizing near 0.8550, and we expect it to resume its bearish attack soon, targeting 0.8520 and then 0.8480.

 

The expected trading range for today is between 0.8520 and 0.8575

 

Trend forecast: Bearish