The rally of the pair was capped once more by the 89.80 zone. If the pair manages to rise above it should rise further; but at 89.90 – 89.95 we find the 200 SMA and a Fibonacci retracement that could work as a resistance. So, once above 89.95 expect the pair to rally further. At 90.25 it has the first resistance zone, above, the next one lies at 90.55.
Since the beginning of the week and recently during the American session, the Dollar found support on an uptrend line in hourly charts. A break of the mention line should trigger a downside rally. Currently the support lies at 89.35, so, if the pair drops below it should fall further, initially to 89.15; below, the next support levels lie at 89.00 and 88.85.
Since the beginning of the week and recently during the American session, the Dollar found support on an uptrend line in hourly charts. A break of the mention line should trigger a downside rally. Currently the support lies at 89.35, so, if the pair drops below it should fall further, initially to 89.15; below, the next support levels lie at 89.00 and 88.85.
