The price of formation has rallied very strongly to exceed our targets mentioned in our recent reports and continues to move up towards the $ 4200 barrier, indicating the strength of the long-term uptrend, as the pair now sits above the $ 4000 barrier, noting that Stochastic is oversold now .
Therefore, we expect opportunities to continue to rise during the coming period. The breach of 4110.00 will extend the upside wave to 4410.00 as the next major station, while the expected upside will remain unless the level of 3950.00 is breached. Breaking this level will press the price to start a bearish correction Short term targets start at 3804.00 and may extend to 3684.00 before any new attempt to rise.
The trading range for today is expected among the support at 3950.00 and resistance 4410.00
The general trend for today is bullish