It is clear from our chart that the pair is loosing its upside momentum gradually as it is currently facing the Fibonacci correctional level of 161.8% of XA leg for the bearish harmonic Crab pattern. Thus, possible negative actions could be seen over intraday basis supported by Stochastic.
The trading range for today is among key support at 137.40 and key resistance at 145.50.
The general trend over short term basis is to the downside, targeting 126.80 as far as areas of 146.20 areas remain intact.
|Recommendation||Our morning expectations remain valid.|