The pair declined to 113.50 to achieve a correctional wave settling within the bullish channel shown in the above chart.
We notice the moving average stability near 112.40 to continue with the positive overview during the near and medium term to hit 116.50 level.
Stochastic approaches 20 level to support more fluctuating.
Expected trading range is between 112.40 and 115.50
Expected trend for today: Bullish