FXstreet.com (Barcelona) - The Dollar is trying to break the upper limit of the consolidation channel of the last two weeks, at 1.1710 (Jan 23 high), on the way to two-months high at 1.1780.

According to Valeria Bednarik, contributor at FXstreet.com, 1. 1780 would open the doors for late November highs: Once the USD holds above the area between 1.1780/1.1800 the pair would swift into a bullish trend which could bring it as high as 1.2000, before attempting an assault to the 1.2200 area, Nov 21 high.