FXstreet.com (Barcelona) - After having remained trading within a narrow range during the last 12 hours, the Dollar is setting an expedition to higher levels, as 98.00 resistance level is being tested at the moment.

The Dollar seems to be gathering upside momentum, it has gained about 80 pips since bouncing up at 97.35 intra-day low at the European session opening times, to test 98.00 support. In case of successful move above here, 98.40 mar 24 high would come next, and above there Mar 17 high at 98.95 would be exposed.

On the downside, below 98.00 and 97.35, next support level comes at 96.60; below here, 96.20 and failing below here next support could be located at 95.50/65 area.