The US dollar recoups some losses supported by recovering Treasury yields.
The drop below the demand zone around 0.9230 has put the bulls under pressure. An oversold RSI has triggered the buy-the-dips mentality at the fresh support at 0.9200.
The buy-side will need to clear the hurdle at 0.9310 to reclaim control of the direction. Otherwise, the latest rebound may be an opportunity for the bears to sell into strength.
A new round of sell-off would send the pair towards the daily support at 0.9100.
