The pair is hovering around the bearish channel resistance level,
while the EMA50 continues to exert negative pressure on the price. At the same time,
the Stochastic is clearly losing its positive momentum approaching the overbought area. These factors contribute to the bearish scenario and wait for the downward movement . Note that stability below 1.1805 is important for this scenario.
expected today range is between the 1.1710 support and the 1.18450 resistance
while the EMA50 continues to exert negative pressure on the price. At the same time,
the Stochastic is clearly losing its positive momentum approaching the overbought area. These factors contribute to the bearish scenario and wait for the downward movement . Note that stability below 1.1805 is important for this scenario.
expected today range is between the 1.1710 support and the 1.18450 resistance