The index price confirmed its break to support the descending channel by providing a negative close below the 95.80 level, noting that it is currently recording the first negative target, reaching 95.05. The foregoing confirms the price surrendering to the bearish bias, so we expect that it will incur huge losses that may extend towards 94.25, to reach the 50% Fibonacci retracement level, which is stable at 91.30 in the upcoming trading session.
The expected trading range for today is between 95.80 and 94.25
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Expected trend for today: Downside
