Finally, the pair re-tested the previous broken upper line of the CT formation as seen on the provided four-hour chart, where Stochastic is relieved as we predicted yesterday. Now, we believe that the pair could achieve potential bullishness over intraday basis, which will be seen as an internal structure for the suggested C wave for our caught Elliott count over short term basis.
The trading range for today is among key support at 131.25 and key resistance at 137.30.
The general trend over short term basis is to the downside, targeting 118.80 as far as areas of 150.75 areas remain intact.
Support134.25133.60133.15132.50131.25Resistance134.80135.50136.20136.80137.30RecommendationBased on the charts and explanations above our opinion is, buying the pair around 134.25 targeting 136.80 and stop loss below 132.45 might be appropriate