The pair spent last week within the range of 108.50 -109.70 and is currently trading near 109.18, on the short term we may see a rise to 110 levels and then back below the level of 108.50 may be at the end of the week in the fall we are waiting to issue a buying recommendation 

Speculators are advised to wait for  sell positions above 110.50 

 

Best wishes for success