The pair opened the trading with a bullish bias to settle at 115.80 to make us remain in our positive expectation during the near and medium term.
The support level stability at 112.00 supports our bullish overview to achieve 116.60 as an initial target followed by 117.90 and a potential fluctuation supported by the reflection of Stochastic from the overbought level.
Expected trading range is between 113.20 and 117.90
Expected trend: bullish