The pair maintained its stability above the additional support level at 176.15, making some bullish attempts that pushed it toward 177.25. However, it remains below resistance at 178.10, as the main indicators have continued to show conflicting signals recently.

 

We emphasize the importance of gathering additional positive momentum to strengthen the pair’s chances of breaking above 178.10, paving the way for further gains toward 178.70 and 179.40. Failure to break above this barrier will force the pair into mixed trading, with the possibility of declining again toward main support at 174.95.

 

The expected trading range for today is between 167.40 and 178.10

 

Trend forecast: Bullish