The pair maintained its stability above the additional support level at 176.15, forming some bullish attempts that pushed it toward 177.25. However, it remains below the resistance barrier at 178.10 due to the ongoing conflict between the main technical indicators in recent sessions.

 

We emphasize the importance of gathering additional positive momentum to strengthen the pair’s chances of breaking above 178.10. This would pave the way for further gains toward 178.70 and 179.40. However, failure to achieve this breakout would force the pair into mixed trading, with the possibility of declining once again toward the main support level at 174.95.

 

The expected trading range for today is between 176.40 and 178.10.

 

Trend forecast: Bullish