The pair reacted to yesterday’s positive Stochastic signals by forming some upward trades, currently approaching 211.25. However, this will not affect the main bearish scenario, which remains valid as long as resistance holds near 212.00.

 

The conflicting signals from the main indicators may push the price into some sideways trading. We will therefore wait for the price to gather negative momentum soon, paving the way for bearish waves targeting 210.10 initially, followed by another attempt to renew pressure on the obstacle at 209.10.

 

The expected trading range for today is between 210.10 and 211.65

 

Trend forecast: Fluctuating