The pair hit the waited target around 160.20, to notice the price release positively, hitting 161.15 level, thus, we continue to expect the positive bias in the upcoming period to reach 162.50 level, conditioned by holding above 159.20 support level.
We note that stochastic is showing positive momentum by settling within the overbought area to continue providing bullish signals in the coming period, while the moving average positivity supports our bullish overview by holding below the current trading.
Expected trading range is between: 159.50 and 162.50
Expected trend for today: Bullish