The pair’s bearish outlook remains unchanged despite forming some recent bullish waves and stabilizing near 205.60, as it continues to hold below the key resistance at 210.40. The conflicting signals from the main indicators may force the price to extend its mixed trading, with a possibility of retesting the resistance in the near term.

 

However, if the price succeeds in gathering bearish momentum, it could form strong bearish waves, breaking below 206.85 and then attempting to reach the main bearish targets at 205.90 and 205.10.

 

The expected trading range for today is between 207.80 and 209.45

 

Trend forecast: Fluctuating