Despite dollar's early recovery to 89.00, subsequent strong retreat and tumbled to 88.32 in NY session signal recent decline remains in force and further weakness to 88.20/30 is likely, however, loss of momentum should prevent steep decline below there today and bring a long 'overdue' correction later.  
  
On the upside, dollar rises above 89.00 would indicate a temporary low has been formed n bring subsequent rebound to 89.20/30.