The pair formed a bearish wave yesterday to face 105.50 level against moving lower to prevent the price from reaching the channel support level at 104.30 to stay in the positive range generally.
The support level stability makes us expect more fluctuation between 105.50 and 106.50 during the near period with the continuation of the bullish bias control and waiting for achieving the waited targets.
Expected trading range is between: 105.50 and 107.30
Expected trend for this week: Bullish