FXstreet.com (Barcelona) - Dollar rally has been capped at 92.20 high on early Asian session and after a slight retreat to 91.55, the pair has remained consolidating between 91,70 to 91.95 during European session.

The Dollar is preparing the ground for a downside correction, according to Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets: The pair is shaping up for a nice shorting opportunity in the coming days as it reaches a very significant resistance at 92.53 / 93.10 and a major downtrend line that comes from all the way back in May 2007.

Resistance levels, according to Rosentreich, lie at 91.8, 92.5 and 93.1, support levels are 90.6 and 88.7.