FXstreet.com (Barcelona) - The Dollar is retreating today's session after the yesterday bullish movement from 1.0035 to hit 1-week low at 1.0195 in the late American time. Today, the pair has fallen to trade at intra-day lows at 1.0140, below of MA200 60 minutes chart at 1.0150.
Currently the pair is trading around 1.0145/55, 0.25% below today's opening price action at 1.0170.
The Kshitij Consultancy Service Team comments: Swiss continued to trade lower during the day and has broken below 1.0150 thereby keeping up the overall downtrend intact. As mentioned earlier we might see a downmove towards 1.0100-1.0050 in the coming sessions/days. Any sharp upmove is not looking likely now. Resistance is seen in the region 1.0190-0210 which we expect to hold if any sharp rise is seen in the US session today.