FXstreet.com (Barcelona) - The Euro has found support at the 1.4085 area on its decline from 1.4165, and the Euro has remained trading in a narrow range around 1.4100 during the European session.

At the moment, the Euro trades at 1.4105, with next resistance level at 1.4160/70 area (intra-day high) and above here, 1.4190 and 1.4210. On the downside, below 1.4085, next support levels lie at 1.4070 (Aug 18 low) and 1.4045 (Aug 17 low).

The Swiss e Trade Strategy Team forecasts a recovery towards 1.4160 during U.S. session: This market is on a slow recovery move in early European trading hours, right now on a slight downward correction to present levels around 1.4100. We see these levels as the major support for today, giving way to more recovery moves up to the 1.4160 mark.

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