US Dollar with a strong support around 89.96

US Dollar with a strong support around 89.96

The US Dollar continues to trade slightly above the psychological level of 90.00 and looks forward for a catalyst that drives the greenback to a decisive move. The support zone of 89.96 remains strong as a solid bottom and it should help to make a rebound towards the Fibonacci zone of 50% at 91.12. Around that area, we might expect some pullbacks in order to resume the bearish bias and to test the -23.6% Fibonacci level at 89.41.

RSI indicator remains in the negative territory.

UsDollarH1.png

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