The pair failed to break the 94.00 support line yesterday, and the pair did bounce off that area to re-test the former swing highs. Those former swing highs have so far held at 95.40.

The trendline support area is now at 94.20-94.30. A break indicates a swing down with a target of 94 and then 93.80. Intermediate support is at 94.60.

Resistance is still at 95.40 with a break above indicating a swing higher. Resistance is likely in the 95.70 area, and beyond that
96.00.

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