FXstreet.com (Barcelona) - The Dollar has recovered the 94.64 support and advances towards intra-day high at 94.84, after having bounced at 94.14 in nearly European session, nevertheless, the pair looks heavy and further decline should be taken into account.

On the longer point of view, the Dollar is trading under a heavily bearish influence and the USD is not yet oversold in the daily chart, in this sense, Nicole Elliott, senior technical analyst at Mizuho Corporate Bank adverts about the bearish trend dragging Dollar lower: Momentum has turned bearish and while the US dollar is not oversold, we shall probably consolidate above 93.55 today. However, if generalised US dollar selling continues today, as it probably will next week, then allow for a slide to 90.00 which should hold on a first attempt at the very least.