The pair maintained the stability in yesterday’s trading by moving away from the retest level of the inverted head and shoulders to be trading again around 147.00 approaching from the initial target at 147.65
We must mention that breaching above the resistance level at 147.65 will make the price gains solid momentum to reach new levels at 148.80 followed by 150.50 on the near term and medium term basis.
Expected trading range is between 146.00 and 148.80
Expected trend: bullish