The pair accomplished a clear stability above the support level around 117.00 to rise clearly in yesterday’s trading reaching 121.00 to keep the bullish trend domination on the recent trading.
We notice that the pair holds the stability above 120.00 to expect more negativity on the trading to achieve 121.85 followed by 123.00.
Expected trading range is between 120.00 and 123.00.
Expected trend: bullish