The pair headed north yesterday approaching from 115.50 level, which was waited in our previous report, to continue trading within the upside channel as shown in the above chart.
We expect more bullish bias to reach 116.50 as long as the channel's support remains intact, while we should note that breaching above 116.50 offers chances to reach new level, near 117.90 in the near and medium term.
Expected trading range is between: 114.40 and 116.50
Expected trend for today: Bullish