Technical Outlook and Chart Setups:
Since a few trading sessions there has not been seen structural changes in the pair. Immediate resistance is at 111.00; the bulls are targeting it to be taken out. Support is at 106.00, followed by 105.10/20 levels. It is recommended to continue holding long positions for a push through the 111.00 region for now. Any intraday retracements or pullbacks towards 110.00 level could be utilized as opportunities to go further long. Looking higher for now.
Trading Recommendations:
Hold on to long positions for now, stop is at breakeven. Target is at 111.00.
Good Luck!
