After reaching the target of the expected retrace at 0.8760 areas, the royal pair has formed the technical base, which will assist it to continue the major short term bullishness, targeting the Fibonacci expansion level of 161.8% at 0.8905 which represents the extreme target of our captured bullish harmonic pattern. Carefully note that areas of 0.8700 should hold to protect the bullish scenario of today.

Trading range is among the key support at 0.8615 and key resistance now at 0.8960.

The general trend is to the upside as far as 0.8020 area remains intact with targets at 1.0000 followed by 1.0400 levels.