Last week ended with a bullish engulfing pattern (daily chart), indicating stregnth to the upside early this week. The start of trading this week has confirmed this as the rate pushes above recent swing highs.

Target on the upside is 95.20 with some resistance expected in the 95 area.

Minor support is expected at 94.65, 94.35 and 94.20-94.15 on corrections.

Forex Analysis by Cory Mitchell at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check Forexpros. com