Although dollar's rebound from 88.70 yesterday suggests decline from 92.16 has formed a temp. low there, as long as near term good resistance at 89.49 holds, downside bias remains for re-test of said support n below there would extend weakness to daily chart objective at 88.55 before another correction takes place.  
  
On the upside, above 89.75/80 would risk stronger retracement of aforesaid fall to 90.00 and possibly toward 90.30/40.