The dollar was up on Tuesday morning in Asia. The U.S. currency was supported by high yields ahead of inflation data due later in the day, which also heightened expectations of tighter monetary policy.
The US Dollar Index that tracks the greenback against a basket of other currencies edged up 0.13% to 100.055. The index tested a near two-year high of 100.19 that it hit during the previous week.
Overall the EURUSD market is bearish with a downside breakout likely sending trade to attack a 1.0836, when broken ⇒ 1.0727. Current corrective rebounds trapped by 1.0924 will maintain bear forces. A close over 1.0958 (SAR) confirms the start of a minor correction up.
Resistance 2 1.0924
Resistance 1 1.0903
Support 1 1.0861
Support 2 1.0836
Resistance 2 1.0924
Resistance 1 1.0903
Support 1 1.0861
Support 2 1.0836
