The price has rallied strongly to break the 2980.00 level and reach the extended target mentioned in our latest reports at 3290.00, where the pair is stabilizing near this level so that Stochastic is able to get rid of its negative momentum and gain positive momentum on the four-hour time frame, The main bullish trend during the upcoming sessions.
Therefore, we are likely to see more short- and medium-term gains, and a breach of 3350.00 will open the way to the 3500.00 and then 3600.00 zones as the next major stops, taking into account that the break of 2980.00 and then 2880.00 might press the price to start a short term bearish correction Before rising again.
The trading range for today is among the support at 3100.00 and resistance at 3500.00
The general trend for today is bullish