FXstreet.com (Barcelona) - The Dollar has plunged during Asian session to a fresh 14-year low, and is trying to pick up in early European session although according to Karen Jones, technical analyst at Commerzbank, the pair needs to break above 90.00 to shrug off bearish pressure.

In the coming sessions, Jones expects the pair to correct upwards and reach 88.00 area, although while below 90.20, the Dollar will remain weak: The rally is expected to struggle 88.00/60. However in order to reverse the damage done by the sell off, a break above the downtrend at 90.20 is needed.

On the downside, Jones points out to 86.00 level as key support against further depreciation: Below 86.00 targets 84.90.