By: Investija
Wide trading range continues between support at 93.87 and resistance at 93.75. Lately bears did manage to decline the price and reached support barrier at 92.86 once again. However, lack of strength for bears side, bulls have iniitated stronger movement back to resistance barrier at 93.75 price level.
At the moment, a bullish movement is expected back to resistance level. If a breakout occurs at 93.75 price level, look for buying opportunities above this barrier.
According to the previous bearish movements, a break at significant 93.75 barrier can bring bulls side to more secure area.
