Although the greenback dropped briefly to 88.15, subsequent rebound after holding above Wednesday's 8-1/2 month low of 88.01 suggests further choppy consolidation above there would be seen, however, breach of 89.40 is needed to bring a stronger retracement of recent fall to 89.90/00, however, resistance at 90.42 is expected to remain intact.  
  
On the downside, below 88.15 would signal recent decline has resumed and further weakness to 87.75 would follow, however, major daily support at 87.10 (Jan 09' low) would hold on first testing.