The pair touched 161.75 in its last trading due to its upside bias, which pushes us to expect more negativity in the near and medium period if 160.00 settled which forms the initial support to achieve the previously suggested target around 162.50
Stochastic settles in the overbought level which supports the bullish bias on the trading to support recording the suggested target if the initial support level remained intact.
Expected trading range is between 160.10 and 162.50
Expected trend for today: bullish