The currency pair has been recently under strong upside pressures, with the bullish momentum initially noticed at 133.82.
The price is currently oscillating between the range of 135.41 and 136.43 respectively. The bearish pressures seem to be a bit more tensed at 135.41 and in the scenario where the price is unable to break above this level, the sellers could force the pair as low as 133.82 and 131.12.
Alterrnatively, in the event where the buyers resume their upside pressures, the price could escalate as high as 138.82.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.