FXstreet.com (Barcelona) - The Dollar has strengthened further on the back of an string of U.S. data, and the pair has broken above European session high at 91.27 to reach 91.63 high, before easing to 91.35 at the moment of writing.
Initial resistance area lies at 91.75 (July lows) and above here, 91.90 (Sept 3 low) and 92.10. On the downside, support levels lie at 91.00/05 and below here, 90.35 and 90.20 (Sept 11, 14 low).
Peter Rosentreich,technical analyst at ACM - Advanced Currency Markets observes the Dollar bearish whilst below 93.30: The lethal combination of verbal intervention and the psychological 90.0 lvl has sent seller packing. Focus is now on 92.60 (61.8% retracement) yet below 93.30 remains bearish. Strong support now stands at 90.20.