If the price holds the 91.00-91.50 levels, then I see a possible rise towards 95.500 area.
why?: The price is in a Daily uptrend (green channel).
The intra-day trendlines (blue, dotted) have been a support on several occaisions and price has bounced up from them. As long as the latest dotted line is not broken, the uptrend may continue. if this setup holds, the target for 95.500 will take atleast a week or two to reach.
why?: The price is in a Daily uptrend (green channel).
The intra-day trendlines (blue, dotted) have been a support on several occaisions and price has bounced up from them. As long as the latest dotted line is not broken, the uptrend may continue. if this setup holds, the target for 95.500 will take atleast a week or two to reach.