Dollar a "Buy on the Dip" vs. Euro says Strategist

EUR/USD could draw dip buyers near 1.1380 as technical bottom appears to form on charts.

The Dollar has fallen against the Euro and British Pound, but the move won't be an enduring one says a foreign exchange strategist we follow.

EUR/USD seen drawing dip buyers at 1.1380, charts favour a rebound while above 1.1280.

EUR/USD moved towards the top of its December-January range at 1.1370 after the Chair of the Fed said there was no rush to reverse the quantitive easing programme.

USD sustains largest weekly loss since September and some analysts warn that further losses are possible.

EUR/USD faces resistance near to 8-week high as 1.1359 & 1.1373 frustrate recovery attempt.