FXstreet.com (Barcelona) - Dollar recovery from 95.60 low seems to have found a tough resistance level at 99.60 and the pair remains hovering below the mentioned level.

According to Mohammed Isah, technical analyst at FXTechstrategy, 99.68 is the key level for a rally above 100.00: Having reversed its previous week gains the past week and returned back above its earlier broken rising channel, risk continues to build on the 99.68 level, its Mar 05'09.Beyond that level if seen should drive the pair further higher towards the 101.43 level, its April 06'09 high.

On the downside, Isah observes 97.67 as the initial target: On the downside,target is initially seen at the 97.67 level where its daily 50 & 200 emas are located with a turn below there allowing the pair to head further lower towards the 95.95 level, its Mar 30'09 low and then the 94.62,its Jan'09 high.

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