FXstreet.com (Barcelona) - The Euro rose to new highs against the Dollar yesterday, before the Dollar recovered somewhat, according to Liviu Flesar, technical analyst at E-Forex: The dollar recovered overnight but it remained in the range of 1.4375-1.4440 established on yesterday. Support is now seen at 1.4375 backed by 1.4355 and 1.4325. Resistance starts at 1.4410 and it is followed by 1.4450 and 1.4500. For the next sessions, Flesar advances: The Euro is currently testing the support at 1.4375 and a potential break would bring the lower half of the 1.43 area on our attention. Looking on the daily studies, we notice that the Euro is slightly overbought and a trend correction would make sense.
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