FXstreet.com (Barcelona) - Dollar's recovery from Tuesday's low at 90.30 has topped during Asian session at 91.35, and the Dollar has eased in European session, dipping below 91.00 to session low at 90.80 so far.
Dollar's overall trend is on the downside, according to Stoyan Mihaylov, technical analyst at Deltastock.com, with the pair targeting 88.90 area: With the recent break above 91.07 the downtrend from 92.04 was confirmed to be completed, but the overall bias remains negative and we still favor a slide towards 88.90 area. Crucial on the upside is 92.04 and confirmative is 90.31.
Support levels, according to Mihaylov, lie at 90.60, 89.89 and 88.90. On the upside, resistance levels lie at 91.30, 92.70 and 93.40.