The pair’s price has maintained its bearish trajectory in recent trading, moving away from the resistance level at 212.00 under the influence of negative signals from the main indicators. The continued formation of an additional barrier at 210.50 has prompted further bearish waves, with the price currently stabilizing around 209.90.

 

The prevailing negative factors reinforce our bearish outlook, which requires a break below the barrier at 209.10 to pave the way for renewed pressure on the support level around 208.10. We will then monitor the price reaction to confirm the expected direction of upcoming trading.

 

The expected trading range for today is between 208.10 and 210.50.

 

Trend forecast: Bearish