Despite the pair’s recent weak trading, its repeated stability below the additional barrier at 177.80 confirms that it remains influenced by the previously suggested bearish trajectory. We will continue to wait for the price to gather negative momentum before resuming its decline, initially targeting 175.75, followed by the main target near 174.95.

 

However, a surge above 177.80 followed by a positive close would signal the beginning of bullish corrective waves, potentially allowing the pair to recover some losses by advancing first toward 178.60 and then toward the resistance barrier near 179.45.

 

 

The expected trading range for today is between 175.75 and 177.70.

 

Trend forecast: Bearish