FXstreet.com (Barcelona) - The Dollar decline from 95.05 has found support at 93.80, and the Dollar has bounced on European session to levels around 94.45 at the moment of writing.

Stoyan Mihaylov, technical analyst at Deltastock.com affirms that corrective pullback from 95.05 is over and observes the pair on its way to yesterday's highs: Yesterday's reversal at 95.07 provoked a corrective pull back all the way down to 93.80, but the intraday bias is positive again for 95.07 and 95.90, with a risk limit below 93.80.

On the upside, the Dollar could find resistance at 94.60/70, and above here, 95.05 (Aug 24 high) and then 95.30 (Aug 18 high). On the downside, support levels lie at 93.65 93.65/85 area (Aug 20, 19 low), and below there, 93.40 (Aug 21 low) and 93.10 (Jul 22 low).

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