The pair continued to exhibit mixed trading amid repeated attempts to move above the 212.00 barrier, along with ongoing conflicting signals from the main indicators. Yesterday, the price slipped to 210.90 before beginning to form some bullish waves, currently trading near 211.50.

 

We emphasize the importance of holding above 210.40, as this would give the price an opportunity to regain positive momentum and attempt to break above the barrier and stabilize beyond it. This would strengthen the chances of achieving further gains toward 212.90, followed by a test of the main resistance at 213.50. However, breaking below 210.40 and holding beneath it would invalidate the current bullish outlook.

 

The expected trading range for today is between 210.50 and 212.00.

 

Trend forecast: Bullish