The price is above the 100 and 200 bar MA on the 5 minute chart at 94.56 and 94.68 respectively. Stay above these levela and the intraday bias remainst to the upside (stops depending on the risk apetite) .
Where can we go? The high for the London session has come in at 94.92 and this is the next target to breach. The 38.2% of the move down from Friday comes in at 95.173. The high for the day is 95.266. Finally, the close from Friday is 95.39 and the midpoint of the move down from Friday comes in at 95.46.
Look for buyers against the 94.68 level with stops below the 100 bar MA at 94.56
The hourly chart found support at trend line support and also looks toward resistance against the underside of broken trend line resistance at th 95.38 area (see chart below). I would expect sellers in this area on the 1st test.
