FXstreet.com (Barcelona) - The Dollar has been unable to break above 92.30 after several attempts and the pair has reversed on the back of U.S. Trade balance and jobless claims data, breaking below 91.60 to hit a fresh 7 month low at 91.43.
If the Dollar confirms below 91.60, next support level would be 91.10 (Feb 16 low) and below here 90.55 (Feb 13 low). On the upside, above 91.60, the Dollar could meet resistance at 91.90 (previous day low) and above there, 92.25 and 92.60 (Sept 9 high).
U.S. Trade deficit widened 16.%3, in July, the largest monthly increase since 1999, to $31.96 billion in July, from $27.49 billion in June. Furthermore, Initial jobless claims fell by 26,000 in the week of Sept 5 to 550,000, from upwardly revised 576,000 claims on the previous week.