FXstreet.com (Barcelona) - The Euro recovered yesterday and found support on the 1.42 area, according to Liviu Flesar, technical analyst at E-Forex the euro could test higher areas today: While the Euro holds above the 1.4200 mark, it may resume yesterday's rise and re-test 1.4285. A potential break of the 1.4285 resistance may bring the highs in the 1.43 area back in-focus. Resistance and support levels, according to Flesar stand as follows: Support is now formed at 1.4230 backed by 1.4195 and 1.4130. Resistance starts at 1.4250, followed by 1.4285 and 1.4300. Daily sentiment is bullish. Hourly studies are slightly bearish due to the current retracement into the 1.4230 zone.
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