The pair’s price touched 206.85 during its latest bearish move before reacting to the positive signals from the Stochastic indicator, recovering some of its losses by surging back above 208.10 and recording further gains toward 209.70.

 

We expect the price to experience some instability at present, as the main indicators remain in conflict, while the price continues to trade below the barrier near 210.45. A return to sustained trading below 208.10 would increase the chances of forming bearish waves, potentially bringing renewed pressure on the barrier at 206.80.

 

The expected trading range for today is between 208.10 and 210.00.

 

Trend forecast: Volatile within the bearish path.