The pair's rebound from 111.461, which represents a strong buy zone last week after a sell-off over the last few weeks, gives the pair a high likelihood of rebounding higher targeting the levels at 113.495 over the short term, 114.412 and 115.414 during the range Further, Stochastic supports the pair's uptrend to oversold, as well as a clearer sell-off through the RSI.