FXstreet.com (Barcelona) - Dollar decline from Thursday high at 1.0125 has been held above 1.0030 support area, which was attacked during Asian session, and the Dollar has peaked at 1.000 on early European session.
The Dollat trades now at 1.0055 with next resistance levels att 1.0080 session high, and above here 1.0105 and 1.0125 (Sept 22 high). On the downside, suppotrt levels lie at 1.0030 (Oct 21 low), and below here, 1.0010 (Jul 08 low) and 0.9950.
The four hour chart is showing a bullish cross, according to Greg Holden, technical analyst at ForexYard: here is a bullish cross forming on the 4-hour chart's Slow Stochastic indicating a bullish correction might take place in the nearest future. The upward direction on the weekly chart's RSI also supports this notion.