The pair has recently lacked positive momentum, its repeated stability above the additional support level at 176.15 supports the chances of renewed bullish corrective attempts, with the price holding near 177.00.

 

The Stochastic indicator’s attempt to move above the 50 level would facilitate the accumulation of positive momentum in the current period. Accordingly, we maintain our expectations for an attempt to reach the resistance barrier at 178.10. A break above this level would increase the chances of further gains, potentially extending toward 178.80 and 179.40.

 

 

The expected trading range for today is between 176.40 and 178.10.

 

Trend forecast: Bullish