FXstreet.com (Barcelona) - After having remained rangebound during the last three days, the Dollar has gathered strength to rally past 90.25 resistance level and reach intra-week high at 90.45 so far.
On the upside, initial resistance level lies at 90.85 (Nov 5 high) and above there, 91.00/05 and 91.30 (Nov 4 high). On the4 downside, below 90.25 previous high, the Dollar might find support at 90.00 and 89.60/65 (Nov 6 low/session low).
Above 90.30, the pair should accelerate on the upside, says Valeria Bednarik, collaborator at FXstreet.com: Bigger time frames however, support further upside recoveries, as current candle is crossing 20 SMA with enough strength to support the bias. Above 90.30 area pair should accelerate, to hold the bias.