FXstreet.com (Barcelona) - The Dollar dived further today in early U.S. session, and according to the ActionForex Technical Team, the bias is on the downside: Further break of 88.47 will confirm that fall from 84.61 as resumed. As discussed before, corrective rise from 87.13 should have completed with three waves up to 94.61. Break of 87.13 will confirm medium term down trend resumption.

On the upside, the ActionForex Technical Team forecasts: On the upside, above 90.18 will turn intraday outlook neutral and bring more choppy consolidation before resuming recent decline.