Mohammed Isah of FXTtechstrategy.com suggests further objectives to the upside: “The pair remains biased to the upside having held firmly above the 0.9078 level. This has created scope for more upside towards the 0.9219 level.”

He continues: “While this level may present a considerable resistance on initial test, we believe it should give way for a run towards its May 04’10 high at 0.9265. A clean penetration of that level will clear the way for more recovery towards its April 21’10 high at 0.9337 and then the 0.9404 level, its Nov’16’10 high.”

Fri, Sep 3 2010, 13:13 GMT
http://www.fxstreet.com 9ijno-nyhgbveszaZ