Nothing much appear to be happening on this pair. While the price remains above the zone 1,1854-1.18343, we are on the sidelines, we are waiting for a clear rebound from the same zone to pick a possible low risk buy position expecting price to rally to the upper side with an ultimate target around 1,21215. If the price breaks and closes above this level, then further momentum to the upper side is expected with the next ideal target at 1.222580. If you are on this chart, expect a possible break below 1.18343 to pick a possible low risk sell position towards 1.16242.
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