FXstreet.com (Barcelona) - Dollar rebound at 93.21 low has extended to levels right above 94.00, as the pair reached a session high at 94.07 before pulling down to levels around 93.85.
Accoredding the Swiss e Trade Strategy Team, Dollar recovery will not reach above 94.20: "We see that strength bumping into resistance around 94.20 in today’s later trading, leading to some downward corrections to around the 93.70 level."
Initial resistance area lies at the mentioned 93.90/00, and above here, next resistance levels lie at 94.30/40, and 94.65 (Aug 25 high). On the downside, initial support lies at 93.55/60 and below here, 93.20 (Aug 27 low) and 93.00 (Jul 22 low).
