The pair ended its latest bullish surge after hitting 217.10, which forced it to form some sideways trading as it gathers additional positive momentum. The price is currently fluctuating around 216.70, maintaining its positive stability above the initial support at 216.35.

 

The above keeps our bullish bias intact, with the pair potentially targeting 217.35 and 217.85, respectively. However, slipping below 216.35 and recording a negative close would activate the corrective scenario, potentially pushing the price toward 215.55.

 

The expected trading range for today is between 216.30 and 217.50

 

Trend forecast: Bullish