The pair’s price formed a new bullish surge during Friday’s trading, moving away from the initial support level at 183.15 and confirming its adherence to the bullish scenario. The price has begun recording some gains, reaching the 184.45 level.

 

The Stochastic indicator’s current position within the overbought zone will increase the chances of the price accumulating additional positive momentum. Therefore, we maintain our bullish outlook, which may soon target 184.85, followed by the next target at 185.45.

 

The expected trading range for today is between 183.90 and 184.80

 

Trend forecast: Bullish