FXstreet.com (Barcelona) - The Dollar has found support at 90.05 low on early European session, and the Dollar has performed a mild recovery reaching previous support turned resistance at 90.35/40 area.
According to Stoyan Mihaylov, technical analyst at www.deltastock.com, 90.40 is a key resistance area: Wit the recent break below 90.40 support a deeper drowning is on the run, that will target 89.70 dynamic support before next leg upwards, for 92.10 resistance. Intraday bias is negative with resistance around 90.40 and crucial/trigger level at 90.80.
Above 90.40, Mihaylov observes resistance areas at 91.60 and 92.40. On the downside, support levels lie at 88.80, 88.01 and 87.12.