The pair settled recently calmly around high level at 107.15 to keep the overview positive for the near and medium period.
In general, the bullish channel support holding around 104.50 supports the bullish trend to achieve targets around 109.70 as we mentioned in our previous report.
Stochastic is attempting to settle in the overbought level to support the bullish trend.
Expected trading range is between 106.40 and 109.70
Expected trend: bullish