FXstreet.com (Barcelona) - Dollar decline from 1.0575 high on November 12 has extended today as the Dollar dropped nearly 100 pips during the day, from 1.0535 high on Asian session to a session low at 1.0440.
According to the ecPulse.com analysis team, the Dollar is in a downtrend targeting 1.0360 low: Whereas positive pressure continues pushing the pair to the upside to near touching the main resistance at 1.0490. We still hold onto our morning predictions, which point to an expected bearish direction for the remainder of today's trading; targeting 1.0360 initially, and require 1.0560 to remain intact
Support levels, according to the ecPulse.com analysis team, lie at 1.0415, 1.0360 and 1.0325. On the upside, resistance levels lie at 1.0490, 1.0560 and 1.0600.