FXstreet.com (Barcelona) - The Dollar recovered yesterday and took back some ground against Euro and Swiss Franc, a trend that according to Karen Jones, technical analyst at Commerzbank could extend on Tuesday.

Dollar is approaching resistance areas against Euro and Swiss Franc, and according to Jones, the risk is a deeper retracement, before further recovery: approaching nearby resistance at 1.4845/10 and 1.0219. Following the bearish key day reversal on EUR/USD, the risk is that we will see a deeper retracement to the 1.4585/24 support prior to recovery (uptrend).