The pair shows strong signs of hesitation at 113.00 barrier which was dented on Wednesday / today on spikes to 113.25/20 highs, but so far without firm break higher.
Overall picture remains bullish, following break and close above previous target at 112.80 (Fibo 76.4% of 114.49/107.31 descend) with techs on daily chart in full bullish setup and supportive for further advance.
Rising 10 SMA is about to cross 200SMA and form Golden Cross which would provide an additional boost.
Sustained break above 113.00 zone would expose next targets – upper 20d Bollinger band at 113.68 and psychological 114.00 barrier.
Dips are expected to hold above 200SMA (112.05) and keep bulls intact.
Res: 113.25, 113.57, 113.68, 114.00
Sup: 112.71, 112.19, 112.05, 111.47
