FXstreet.com (Barcelona) - The Dollar has moved further down from 99.60 May 1 and May 4 high and, after having dropped to 97.90 intra-week low yesterday, the Dollar has been unable to reach above 98.85 resistance level during Wednesday's Asian session.
On the 4-hour chart, we can see the pair forming a triangle pattern with resistance line off 99.60 May 4 high, and support line off 97.90 May 6 low.
Resistance levels lie at intra-day high 98.85 and 99.20 (May 5 high), once above there, 99.60 (May 1 and May 4 high). On the downside, support levels lie at 98.20 and below there, 97.95 (May 6 low) and 97.45/50.
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