Since the previous trading day, the US Dollar continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. During this trading day and possibly in the next few days, we expect to continue buying this pair. The anticipated bullish price rally is the continuation of the impulsive waves (5) and (v) and should break above 107.845 towards 110.00 or even higher. As it is on this pair, only buy positions looks ideal and can be recommended especially if price can go above 107.845.
Buy a break above 107.845 with your take profit at 110.00.