FXstreet.com (Barcelona) - Dollar pulldown below 91.00 has found support at 90.50 low during European session, and the Dollar has bounced recently hitting 95.45 high. At the moment, the Dollar trades at 91.25.

According to Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets, Dollar recovery will be capped below 91.80: With some support found at 90.20 and positive RSI divergence there is a chance that we see a pop up to the upper downtrend and resistance at 91.80 where one would expect to see short sellers coming back for more.

Rosentreich advices to watch RSI on the 4-hour chart for bearish signals: Keep a close eye on the 4 hourly RSI to see if it breaks its uptrend over the next 24 hours as this can give an early indication to whether we see a break of 90.20 or not.

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