FXstreet.com (Barcelona) - Dollar decline from 90.00 area on Monday reached a fresh 8-month low at 88.00 on Wednesday, and the Dollar bounced strongly on early U.S. session to reach 89.40 although, unable to hold at those levels, the pair has dropped back to levels right above 88.20 at the moment of writing.
Initial support lies at 88.20 (Oct 7 low), and below here, 88.00 (Sept 28 low) and 87.25 (Dec 18 low). On the upside, initial resistance lies at 88.70/85 intra-day high), and above here, 89.40 (Oct 7 high) and 89.65/70 (Oct 6 high).
EUR/JPY recovery from 129.55 low on Wednesday was capped at 131.10 intra-day low, and the Euro has remained trading sideways between 130.00 and 130.50 during Asian trading session. Resistance levels lie at 130.45/55 and 131.10. Support levels lie at 129.75 and 129.60.