FXstreet.com (Barcelona) - The Dollar has picked up during Asian and European sessions after having plunged to a fresh 14-year low at 84.80, and the pair trades around 86.50 levels at the moment of writing.
The pair , however, remains biased to the downside while below 88.01, according to Stoyan Mihaylov, technical analyst at Deltastock.com: After the minor corrective pattern below 87.20 the pair accelerated its downtrend, bottoming at 84.79. The overall bias remains negative for 83.45, en route to 79.60 while the pair stays below 88.01 resistance. Intraday bias is slightly positive for 87.20.
Resistance levels, according to Mihaylov, lie at 87.20, 88.01 and 91.58. On the downside, support levels lie at 85.60, 84.79 and 83.45.