Hard to bet against it with an Asian high this morning of around 95.34, but some resistance seen just above at a 76.4% retracement of the 2007-2008 (107.85-55.11) drop around 95.40. There’s tech resistance above coming in around the 96.50 highs of mid Aug 2008, but beyond there’s little in the way for a move to 100 seen earlier that month.
That said the move does look a little overstretched at the moment so be wary of a sharp retracement at some stage
Cross currently trades around 95.20
