FXstreet.com (Barcelona) - The Dollar extended its decline from Friday's high at 1.0700 to test support atrea at 1.0550 on early European session, which, once again held Dollar decline, and the pair bounced to test 1.0600 at the time of writing.
According to the ecPulse.com analysis team, the Dollar will remain bearish while below a.0665 level: Our morning expectations remain intact, paying attention to the possible fierce fluctuations in the breaching process. It is vital that 1.0665 remains intact for the expected downside move to prevail.
Resistance levels, according to the ecPulse.com analysis team, lie at 1.0665, 1.0700 and 1.0740. On the downside, support levels are 1.0550, 1.0480 and 1.0450.