The pair has rebounded in early trading after a fall yesterday. The 97.10 - 97.00 is the closest support area. A break of that level would likely pull the rate into the 96.50 area and beyond that 96.20.

The pair is currently pushing higher, and a break above 97.60 would target 97.80 and beyond 98.10 and 98.30 - 98.40.

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