FXstreet.com (Barcelona) - Dollar rebound at 1.0378 low on October 21 has reached resistance at 1.0545, which has keeps the pair capped on Thursday, Friday and so far today.

The Pair is launching yet another attack to 1.0545 level, which according to the ecPulse.com analysis team will, eventually, be broken: The bullish candlestick formations that have been constructed around the 38.2% correction, alongside the bullish signs seen on the MACD indicator makes us believe the pair is to continue the upside correction targeting the 61.8% correction at 1.0685.

Resistance levels, according to the ecPulse.com analysis team, lie at 1.0575, 1.0630 and 1.0660. On the downside, support levels are 1.0500, 1.0480 and 1.0410.

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