The pair settled recently in a sideways range holding at 141.30 without achieving a new top, keeping the bullish bias by the support level stability around 139.60
The bullish trend domination is expected to be continued to achieve 144.50 conditioned by the stability of the support level.
We must mention that breaking below the mentioned support level will make the price decline to reach levels near 137.10
Stochastic settles in the overbought level without forming a reflection for the trend, which supports the pair’s stability in the bullish bias during the near and medium period.
Expected trading range is between 139.60 and 144.50
Expected trend: bullish