Open trading account 
The US dollar is trading above the 106 level at 1025 GMT on Thursday.
The exchange rate rose yesterday after the beginning of the North American session towards the above mentioned level. That from the 105.50/60 area.
To reconquer the 107 level, the exchange rate needs first to overcome the weekly pivot point located at 106.23. There, at the 106.20 area also lies the upper boundary of the hourly Bollinger bands.
The breakout scenario seems more likely as strong support is now offered by several figures, such as the 55 and 100-hour SMAs and the lower boundary of the hourly Bollinger bands, all positioned within the range 105.85 - 106.05.
The exchange rate rose yesterday after the beginning of the North American session towards the above mentioned level. That from the 105.50/60 area.
To reconquer the 107 level, the exchange rate needs first to overcome the weekly pivot point located at 106.23. There, at the 106.20 area also lies the upper boundary of the hourly Bollinger bands.
The breakout scenario seems more likely as strong support is now offered by several figures, such as the 55 and 100-hour SMAs and the lower boundary of the hourly Bollinger bands, all positioned within the range 105.85 - 106.05.
