The pair rallied to the upside yesterday hitting 125.62, and touching the previously broken channel’s level as shown in the above image, while we can see the stability of the moving average 55 below the trading levels, to support the positivity until now.
In general, 125.60 level hold as a resistance line against the trading makes us expect fluctuations in the near term, to be limited between this resistance and 122.20, while we should note that breaching above the resistance line will push the price to reach new levels starting from 127.40
Expected trading range is between 122.20 and 127.00
Expected trend for today: Fluctuated