The pair’s price took advantage of the recurring negative pressure to confirm the bearish scenario previously suggested, continuing to form bearish waves and currently reaching 177.35, surpassing the first additional target proposed in the previous report.

 

The stability below the additional barrier at 179.45, combined with the main indicators maintaining negative momentum, these factors make us prefer more negative attempts, which could target 176.75. A break below this level could extend the losses toward 175.00 in the near term.

 

The expected trading range for today is between 176.75 and 178.50.

 

Trend forecast: Bearish