From our analysis, the pair broke out from the key resistance in the bearish channel yesterday as we expected
with long term support broken, it is expected to come down in the upcoming sessions that will target 147.000 first and then 146.300 respectively with few corrective bullish rally before.
On the other hand, the rally of bull candles can regain the bullish bias by consolidating above bullish channel support that will target 148.500 first and then 149.200 respectively
Expected day trading range is between 147.600 and 146.400
Expected today trend: bearish
with long term support broken, it is expected to come down in the upcoming sessions that will target 147.000 first and then 146.300 respectively with few corrective bullish rally before.
On the other hand, the rally of bull candles can regain the bullish bias by consolidating above bullish channel support that will target 148.500 first and then 149.200 respectively
Expected day trading range is between 147.600 and 146.400
Expected today trend: bearish
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.