FXstreet.com (Barcelona) - Dollar's recovery from Wednesday's low at 89.35 has stalled at 90.15, and the pair has eased to remain hovering at a narrow range right below 90.00.

Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets observes 90.20 as the barrier to 90.60 and 91.10: there is an obvious resistance at 90.20 and should that be cleared then there will likely be a move to 90.60 where there is more resistance and the first downtrend channel comes into effect. Above there one can expect more shorting around the 91.10 region so patience is key here for the short side.

The Dollar trades, at the moment, at 89.90, with next resistance area at the mentioned 90.20, and above here, 90.50 (Sept 24 high) and 90.85. On the downside support level lies at 89.35 (Sept 30 low), and below here, 89.15 and 88.25 (Sept 28 low).

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