The pair has been forced into some sideways trading since Friday as it repeatedly holds below the 186.05 barrier. During this morning’s trading, the price declined toward 185.00 to stabilize around 185.55, maintaining its commitment to the main bullish scenario.

 

We will currently rely on 184.80 as the first additional support level and emphasize the importance of the price gathering positive momentum, which would enable it to surpass the 186.00 barrier. Holding above this level would allow the pair to achieve further gains, potentially starting at 186.55 and extending toward 187.25, breaking below the additional support would reactivate the bearish corrective path, reaching towards 184.35 and 183.75.

 

The expected trading range for today is between 185.00 and 186.55

 

Trend forecast: Bullish