The pair hit the resistance level at 116.00 during yesterday’s trading to begin a correctional wave achieving 114.60 since morning.
In general, the price remains stable within the bullish channel as shown in the enclosed chart by the stability of 112.00 as an initial support, to expect achieving main target around 116.50 during the near and medium period.
Expected trading range is between: 112.20 and 116.50
Expected trend for today: Bullish