The pair failed to hold above the 212.00 level for long, as the main indicators showed conflicting signals. It is currently trading sideways, fluctuating near 211.90, while maintaining its chances of resuming its bullish corrective attempts, supported by the formation of the first additional support level at 210.40.

 

We recommend waiting for confirmation of a breakout above 212.00, as this would activate the bullish corrective move, to head toward resistance at 213.50, which represents the key level for confirming the overall direction of upcoming trading.

 

The expected trading range for today is between 211.35 and 213.00

 

Trend forecast: Bullish