Despite the pair’s mixed sideways trading, with the price currently holding near 209.15, this does not affect the previously suggested bullish corrective trajectory, supported by the continued role of 208.10 as additional support. We will therefore continue to look for the price to gain further positive momentum, increasing the chances of reaching the corrective targets currently located near 210.40, followed by the key resistance barrier at 211.25.

 

However, if the price comes under strong bearish pressure and falls below 208.10, this would trigger a renewed bearish move, exposing the pair to further losses, initially toward 207.40 and 206.85.

 

The expected trading range for today is between 208.70 and 210.40

 

Trend forecast: Bullish