FXstreet.com (Barcelona) - Dollar decline from levels above 91.00 on early Asian session has found support at 90.35 low during European trade, and the Dollar has bounced up 91.00 level which has not given way so far.
The pair needs a clear breach above 91.00 to confirm uptrend, according to Valeria Bednarik, collaborator at FXstreet: Current candle opened above 20 SMA now acting as dynamic support, yet indicators had lost upside momentum. Pair needs to clearly break above 91.00 to extend gains in the next session, while key level to watch for the daily close will be the 91.80 area: above that level, midterm long bias will find strong support.
Resistance levels, according to Bednarik, lie at 91.10, and above here, 91.35 and 91.80. On the downside, support levels are 90.70, 90.40 and 90.00.