Support at 94.40 has held so far, a break will likely target 94.00. Further support is at 93.80 and 93.40.

Resistance on the upside is at 95.00 and 95.50. The current trends point to a bias to the downside for the pair. But 94.40 will need to be penetrated on a sustained break for that to materialize.

Forex Analysis by Cory Mitchell at ForexPros. com. For more details
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