FXstreet.com (Barcelona) - The Dollar is weakening sharply across the board, and Dollar-Swiss reversal from 1.0390 high on Monday has broken below 1.0275 area to reach a fresh 14 month low at 1.0237.

At the moment, the Dollar trades at 1.0250, with next support levels art 1.0235/40 intra-day low, and below here, 1.0200 and and 1.0100 (Jun 08 low). On the upside, the Dollar might find resistance at 1.0275, and above here 1.0325 (inrtra-day high) and 1.0360.

According to Karen Jones, Technical analyst at Commerzbank, 1.0210/00 is a key level to defend 1.0000 area: Near term rallies will find prolific resistance directly above the market at 1.0525/60 and while capped here, the market will remain directly offered intraday.Support at 1.0210 is regarded as the break down point to 1.0010/00 then the .9645/the 2008 low.

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