FXstreet.com (Barcelona) - The Dollar remains moving in a narrow range, both sides of the 100.00 level, after having picked up during the European session from 99.30 low on early Asian session.
Resistance levels remain at 100.35 and above here100.85, if the Dollar rises above here, 101.45 (Apr 6 high) will come on sight. On the downside yesterday low at 99.30 seems to be the nearest support level, and below there 99.00 and the 98.35/25 area (Apr 1 and 2 low).
According to the Swiss E Trade Strategy Team, the Dollar is more likely to drop below 100.00 then to post a rally further up: After the dollar continued losing ground against the yen in all of Asian trading, there is only a weak recovery move in European morning trading, with the market right now at 99.95. We see only slim chances for further recovery and project a downside target for today's market at 99.30.