After a strong run up yesterday it appears the market may try to test further resistance above 97.00.

Although, this is likely fail as there is a strong resistance band between 97.20 and 97.45.

Therefore, while there is a bit room on the upside currently the bias is downwards if it gets up into those areas.

If it stays in that area it would be a bullish sign but movement beyond 97.45 is unlikely today based on current averages.

On the downside support is at 96.50, 96.20 and 95.80.

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