The downside would remain vulnerable while recovery stays capped by strong barriers at 113.00/50 zone

The dollar bounced on Wednesday after previous day’s strong fall (the biggest one-day loss since 20 July)
was contained by daily cloud top, which currently lays at 112.67.
The greenback advanced on improved sentiment on the latest good news about US/China trade conflict and was boosted by fall in US stocks.
Recovery hit 50% retracement of Tuesday’s 113.65/112.57 fall, but faces a cluster of broken daily MA’s (between 113.04 and 113.35), also thick 4-hr cloud (spanned between 113.17 and 113.48) which mark strong resistances and may cap recovery.
Fresh bulls showed initial signs of fatigue at 55SMA (113.04), keeping in play the risk of fresh weakness.
Tuesday’s long bearish daily candle weighs, along with daily techs which are still in bearish setup.
The downside is expected to remain vulnerable while the price holds below 4-hr cloud and would keep risk of retesting daily cloud top and Tuesday’s low.
Break here and extension below 112.23/16 (daily cloud base / 100SMA) would generate strong bearish signal.
Only close above converged 10/20SMA’s 113.33/35 and 4-hr cloud top (113.48) would provide relief and shift focus higher.

Res: 113.03; 113.17; 113.34; 113.65
Sup: 112.67; 112.57; 112.30; 112.16