There is no change to the pair’s bearish path, as it continues to post repeated negative closes below the 210.40 barrier. The price is currently showing temporary sideways trading around 208.80, affected by conflicting signals from the main indicators, particularly as the Stochastic indicator approaches the 80 level.

 

We will continue to wait for the price to gather negative momentum during the upcoming trading sessions, which would enable it to form new bearish waves targeting the 208.10 level. A break below this level would confirm the next bearish target at 206.85.

 

The expected trading range for today is between 208.10 and 209.60

 

Trend forecast: Bearish