Dollar cross-inspired rebound from 95.31 yesterday suggests recent fall from 98.90 has formed a temporary low at 94.88 last week and choppy consolidation with upside bias is seen for a retracement towards 97.20, however, reckon 97.50/60 would hold from here and yield retreat later.  
  
On the downside, only below 95.31 would prolong choppy trading and bring weakness towards 95.04 but aforesaid low at 94.88 should remain intact.