The pair took advantage of the Stochastic indicator’s positive momentum to form a new series of bullish corrective waves, reaching around 211.50. This keeps the pair within its main bearish trend, which remains intact as long as the resistance level at 212.00 holds.

 

The price now needs fresh negative momentum to form new bearish waves, allowing it to settle below 210.40 and then attempt to put pressure on the support barrier at 209.10. On the other hand, breaking above the resistance and holding there would give the pair an opportunity to achieve notable gains, initially targeting 212.85 and 213.55.

 

 

The expected trading range for today is between 210.75 and 212.00

 

Trend forecast: Fluctuating