FXstreet.com (Barcelona) - The Dollar has lost some of the value obtained late last week. Cornelius Luca, economist at Global Forex Trading, advances the possibility of further recovery for the USD: The candle chart suggests a bullish reversal here. Careful, as a break above 1.5520 would likely amplify the recovery. Resistance and support levels, according to Luca, stand as follows: Above 1.5515, resistance is at 1.5540. This followed by 1.5600. The euro/dollar has additional resistance at 1.5685. Immediate support is now seen at 1.5460. Below 1.5410, euro/dollar has support at 1.5360 from a pivot low. Distant support is pegged at 1.5220.
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