FXstreet.com (Barcelona) - The Dollar rebounded strongly in early US session today, and the ActionForex Technical Team affirms that the cross' intraday bias is on the upside: The brief break of 104.82 argues that recent rebound from 95.77 has resumed. At this point, intraday bias remains mildly on the upside as long as 103.18 support holds. From now on, the ActionForex Technical Team advances the possibility of further climbing: Further rise could now be seen to 104.96/108.59 resistance zone. However, note that upside momentum is still seen in 4 hours MACD and RSI. Below 103.18 will argue that rise from 95.77 has completed and will put focus back to lower channel support (now at 102.02).
Join the Discussion