The pair tested the 1.3470 level and bounced down from there, which keeps the bearish trend scenario active for the upcoming period. It will be organized within the descending channel that appears on the chart, and the price will visit 1.3355 as the next main target.
The moving average 50 is pressuring the price negatively, which supports the expected decline. Stability below 1.3470 for the bearish trend to continue.
The expected trading range for today: between the support level of 1.3350 and resistance level of 1.3480
The forecast general trend for today: bearish