The pair jumped in early trading, and is trying to test the 94.40 level. This is an important intra-day level.

A rise above 94.50 indicates a move to test a former swing high at94.80. A rise beyond is not highly likely today, but 95.00 is the resistance beyond.

Support is at 93.80, 93.40 and 93.20.

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