The pair remains under the influence of the corrective bullish bias, moving further away from the main support level at 174.95, to begin recording the first previously anticipated corrective target at 177.25.

 

The price still has an opportunity to record further gains, supported by the positive momentum from stochastic, attempting to retest the additional resistance barrier at 178.10. On the other hand, activating a new bearish move will require the price to break the mentioned support level and hold beneath it, strengthening the chances of targeting new bearish levels starting at 174.00 and 173.50.

 

The expected trading range for today is between 176.20 and 178.10

 

Trend forecast: Bullish