After days & days of putting it under our surveillance, and pouring all our attention on it, the "magnetic" resistance 90.78 was broken and we have seen what follows the break of such important levels. The Dollar jumped strongly breaking the specified resistance in yesterday's report 90.78 & successfully reaching both suggested targets 91.60 & 92.31, stopping only 7 pips above the second target! With this break, the Dollar has released itself from pressure, and the direction of the Dollar in this pair could now agree with its direction against the European currencies, and we could end up seeing a board Dollar rally against all majors.

After this rocketing rise, a correction is normally expected, and here, the previous critical resistance 90.78 has turned to a support that the price should hold above. Short term support is at 91.40 & breaking it would indicate a drop to 90.78 to retest it. If price holds above it, or at least close to it, there will be no harm. But it we go back below this level, the positive technical outlook will get hit hard, and price will drop towards 89.99. As for the resistance it is at
92.09 & if broken, the current rise will continue, and the Dollar will rise to a new set of targets which includes: 93.20 & 93.75.

Support:
* 91.40: short term 38.2% Fibonacci support.
* 90.78: the previous important resistance, and Fibonacci 61.8%.
* 89.99: the rising trend line from 89.61 on the hourly chart.

Resistance:
* 92.09: the falling trend line from yesterday's top.
* 93.20: Jan 4th high.
* 93.75: Jan 8th high.