The pair reached 160.00 level yesterday hitting some previously expected targets, to continue expecting the positive bias targeting 160.40, which forms the main target for the near term trading, while we should note that breaching the mentioned level will open the way to head towards more levels, which might reach to 163.30, that represents the current upside channel’s resistance.
Expected trading range is between 158.70 and 160.40
Expected trend: bullish