A bullish bias remains effecting the pair's trading to hold against a historical wave led to a sharp collapse as shown in the circular form within the enclosed chart.
The 108.00 level must be breached to enable the pair to achieve the waited targets around 109.70 which is acting as a high limit for the bullish channel.
In case failing in this breach, we will witness a reform for the correctional wave again within the bullish channel.
Expected trading range is between: 106.20 and 109.70
Expected trend for today: Bullish, conditioned by breaching 108.00