The pair is moving above the full correctional level of the suggested CD leg of our caught butterfly. Therefore, we hold onto our positive expectations without ignoring the possibility of activating fluctuated actions due to the overbought signs on momentum indicators.
The trading range for today is among key support at 141.50 and key resistance at 145.50.
The general trend over short term basis is to the downside, targeting 126.80 as far as areas of 150.75 areas remain intact.
|Recommendation||Based on the charts and explanations above our opinion is, buying the pair from 143.60 targeting 145.50 and stop loss above 142.00 might be appropriate.|