FXstreet.com (Barcelona) - Dollar 's rejection from 94.55 intra-day high has extended to levels below 194.00 as the pair hit 93.85 low after weaker than expected U.S. claims figures.

According to Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets, the medium-term upside bias should hold above 93.85: The medium term bulls need to hold 93.86 to keep this picture intact but will still not have control of the trend until we se a 60 minute close above 95.42.

In case of breaking below 93.85, next support levels could be at 93.65 (Aug 19 low) and 93.55 (Jul 23 low). On the upside, resistance levels are 94.50/60, and above here, 94.95 (Aug 19 high), and then 95.30 (Aug 18 high).

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