The Dollar bulls are targeting next the 110 mark, after the pair hit our 109.70 level on Friday as upbeat US employment data reinforced hopes for a sooner-than-expected economic recovery. The pair could extend its advance towards 110 and beyond as it is supported by global optimism and stronger equities. If the 109.40 support level holds, then 110 will likely be hit in today’s session.
Support: 109.40 / 109
Resistance: 109.80 / 110
