The currency pair found it difficult to surpass the 1.3610 level and showed some temporary bearish bias. The stochastic indicator is trying to gain positive momentum on the intraday time frame, which would support the chances of surpassing the mentioned level and heading towards 1.3730 as the next positive target.
So far, the bullish trend scenario remains valid for the upcoming period, provided that the price consolidates above 1.3500. Breaking it will pressure the price to resume the bearish bias, whose targets would begin by testing the 1.3415 areas again.
The expected trading range for today: between the support 1.3480 and the resistance 1.3650
The forecast trend for today: bullish