FXstreet.com (Barcelona) - The Dollar continues struggling to get above the 100 level but sellers are winning the battle so far, as resistance around 98.90 seems a rather sturdy one, he pair trades several pips below the latter level at midday time in Europe.
Support levels remain at 99.50 and then next support could appear at the 99.00/98.85 zone, beneath that level, 98.40 (Apr 2 low). On the upside, above 99.95 next resistance could lie at 100.55 (Now 4 high) and, above there, 101.00.
According to the Swiss e Trade Strategy Team, successful move above 100.00 seems rather unlikely: Currently priced at 99.90 and near to the still-unbroken resistance at 100.00. We do not expect this upper end of the trading range to be broken today. A down move from here is likely, testing the 99.30 level.