Near $5.2000, while the positive factors—particularly the alignment of major indicators supporting bullish momentum—will increase the chances of breaking this barrier and beginning to target the next positive levels at $5.3200 and $5.5000 respectively.

We note that a decline in the price during current trading below $4.9700 and a negative closing may force it into forming temporary corrective movements, attempting to test the support level at $4.7500 before any new attempt to reach the suggested targets.

Expected trading range for today: between $5.1200 and $5.3200

 

Price forecast for today: Bullish