FXstreet.com (Barcelona) - The Dollar has edged lower after the release of U.S. jobless claims data, and the pair has dived below day low at88.85 to test support level at 88.70/75 (Nov 16 and 17 low).
In case of breaking below here 88.70, next support levels could be at 88.65 and 88.35 (Oct 9 low). On the upside, resistance levels lie at 89.50/55 (Nov 17 high) and above here, 89.75 (Nov 16 high and 89.95/00.
U.S. Initial jobless Claims have remained unchanged at 505.000 on the week of November 14, yet a fairly high level, which shows U.S. economy's difficulty in create labor. Continuing claims have fallen by 39,000 to 5,611,000 on the week of November 7.