FXstreet.com (Barcelona) - The Dollar crawled further during European session breaking above 91.70 to hit a fresh 1-month high at 91.90, before easing to levels around 91.50 at the moment of writing.
Initial resistance level lies at 92.00/15, and above here, 92.55 (Sept 21 high) and 92.90 (50% of Aug-Oct fall). On the downside, support levels lie at 91.15/25, and below here, 91.75 (Oct 22 low) and 90.50/60 (Oct 21 low).
According to Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets, The Dollar could go through a corrective decline after topping at 91.90: 91.95 has so far provided decent supply to cap further rallies today. First resistance comes in at 91.10, we would look to buy around 90.20, with support below at 89.70.