FXstreet.com (Barcelona) - The Dollar has bounced at 91.50, coming from its 40 pips decline from 91.90, to rise above previous highs at 91.90 and tests 92.00 level. Currently the pair is trading around 91.85/95, 0.70% above today's opening price action at 91.30.
According to Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets, The Dollar could go through a corrective decline after topping at 91.90: 91.95 has so far provided decent supply to cap further rallies today. First resistance comes in at 91.10, we would look to buy around 90.20, with support below at 89.70.
George Clement, analyst at Swiss e trade, comments: The Dollar continued its strength against the Yen in early European trading, right now at 91.55 after highs around 91.91. We see the upside potential rather limited for today's trading.