On the 1 hour chart, we can see that we have another important resistance zone around the 157.00 handle where the price got rejected from several times. A break above this resistance should increase the bullish momentum as the buyers will start to pile in more aggressively and target a break above the 160.00 handle. In the meantime, we might have set a range between the 155.00 support and 157.00 resistance with the market participants waiting for a catalyst to break out in either direction