The support at 0.9190 withstood the attacks of the “bears” in fact and instigated the growth at this pair. The price already resides higher than 0.9260 now; it has also marked at 0.9290 before. The indicators maintain preferences of increase and suggest following the “bullish” trend, which is observed at the pair. Obviously, the maximum at 93.20/40 will be exercised in the shortest possible time and also the risk of further increase into the price sector at 0.9500/50 will appear. Otherwise, the decline of the price below 0.9200/0.9190, which is a support already, will decline the expectances connected to the scenario of increase.

Analysis prepared by:

Arkady Nagiev
Forex4you analyst