The pair moved noticeably higher yesterday reaching the waited target at 131.80 to settle bullishly without achieving any correction until now.
We expect continuing the bullish bias to reach the last target around 133.15 which is considered the top line for the bullish channel as shown at the chart, but a correction must be done before reaching the waited target level which conditioned by Stochastic entering the overbought levels and creating a reversal in the current wave.
Expected trading range for today is between: 130.70 and 133.15
Expected trend for today: Bullish