Expectations remain for today as yesterday as long as price remains trading last week between 1,1509 and 1,1725.
The continuation of price trading in this narrow range keeps the pair moving neutral.
The recovery of the pair remains possible but the resistance level of 1,1850 constitutes a strong barriers to make the price back to complete its bearish trend from 1.2555.
A breach of 1,1509 will push the price towards the level of 1.1450 (50% Fibonacci level from 1.0350 to 1.2555) and then to 61.8% at 1.1190.
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