FXstreet.com (Barcelona) - Dollar's retreat from Jan 7 high at 93.71 has reached key support at 90.30 (38.2% Fib retracement of the Nov-Jan rally), and the pair has bounced up, to session high at 90.80.

At the moment, the pair trades below resistance level at 90.80/85, (downtrend resistance from Jan 7 high), and above here, 91.05 (Jan 18 high) and 91.20/35 (Jan 15 high).

On the downside, support levels lie at the mentioned 90.30 (38.2% Fib retracement of the Nov-Jan rally), and below here, 89.80 (ec 11 high), and 89.30 (50% Fib retracement of the Nov/Jan rally)

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