FXstreet.com (Barcelona) - The Dollar has fallen from 117.93 to 114.83 so far, according to the ActionForex.com technical team, the trend USD could drop lower in the coming sessions: At this point, intraday bias remains on the downside as long as 115.60 minor resistance holds. Further fall is expected to 114.01 cluster support (61.8% retracement of 111.59 to 117.93 at 114.01). Resistance and support levels, according to the ActionForex.com team, stand as follows: Decisive break of 114.01 cluster support will add more credence to such case and bring retest of 111.59 low. On the upside above 115.60 will turn intraday outlook consolidative first but upside is expected to be limited by 116.61 resistance and bring another fall.
Join the Discussion