With the price swings narrowing over the past two days a short term breakout could occur. A move above 96.30, confirmed by a break of
96.40, would signal profit targets of 97.00 and 97.50.

A break below 95.70-95.60 would target 94.90 and beyond 94.50.

News out of the US today at 12:30 GMT.

Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros. com