The bullish bias continued to dominate the price action, to witness breaching the channel’s broken line at 126.45, and make the positive trading preferred for the near and medium term basis, and expect new higher levels starting from 128.30 followed by 129.60
Note that stochastic turns to breach the overbought levels, which supports the expected positivity, with possibility of trading above 126.60 level, and keep the positive trading valid for the upcoming period.
Expected trading range is between 126.60 and 129.00
Expected trend for today: Bullish