The pair has confirmed a strong bullish bounce with a break above 90,00. We expect a continuation of the bullish trend over the middle term.
The market is now trading near the weekly bollinger band and a confirmation to the upside would expose March 2008 low at 0,96. Above this level, parity would be the obvious next target.
We might see some consolidation going forward but we definitly hold a bullish bias on the pair.