The pair took advantage of its repeated stability above the 55-period moving average, forming new bullish waves and currently settling near the first additional target at 184.80, which may in turn form a temporary obstacle to the bullish advance.

 

The price may currently be forced into some sideways trading. However, with the main indicators continuing to provide positive momentum and overall stability above the support level at 183.15, these factors encourage us to maintain the bullish bias, which may soon target 185.45. A breakout above this obstacle would extend the trading toward 185.95.

 

The expected trading range for today is between 184.25 and 185.45

 

Trend forecast: Bullish