The pair broke and held above the 0.9013 level, its April 19'2011 high on Thursday, opening the door for further bullish offensive. Its present bullish momentum is coming on the heels of a violation of its key resistance at the 0.8929 level, its Sept 12'2011 high on Wednesday. With a full-fledged bull pressure seen, a push towards the 0.9340 level, its April 01'2011 high is expected where a break if seen will aim at the 0.9400 level, its psycho level. Its daily RSI is bullish and pointing higher suggesting further gains. Alternatively, support stands at the 0.9013 level with a breach targeting the 0.8929 level. A reversal of roles as support is expected to occur at this level but if that fails, its Sept 15'2011 low at 0.8647 level will be targeted. Below here will pave the way for a move further lower towards the 0.8574 level and then its Sept 08'2011 low at 0.8532. All in all, the pair remains biased to upside having resumed its short term uptrend.
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