FXstreet.com (Barcelona) - The Dollar's has opened the week with losses after continuing its decline from last Friday's high at 1.0222 to falls further to break MA55 hourly at 1.0150 and MA200 at 1.0120 to hit intra-day low at 1.0080. Currently the pair is trading around 1.0085/95, 0.85% below today's opening price action at 1.0180.
The Kshitij Consultancy Service Team comments: Swiss continued its downmove during the day and has broken below the Support at 1.0100 metioned earlier. 1.0050-30 is the next significant Support region to be watched for, a strong break below which might see further dip towards 0.9980-50 in the coming sessions. Any sharp upmove is not looking likely now as the pair is remaining strong on the downmove and we expect the downtrend to continue. However, a strong break above 1.0100 might see 1.0130-50 on the upside in the US session today.