FXstreet.com (Barcelona) - Dollar's retreat from Friday's high at 90.75 has reached a fresh week low at 87.35 before bouncing up during European trade, to reach levels around 88.00 at the moment of writing.
The Dollar continues biased to the downside, and, according to Stoyan Mihaylov, technical analyst at Deltastock.com, the pair could dip to 85.79 before any considerable rebound takes place: Still no signs of a reversal here, so allow deeper drowning toward 85.79 before larger rebound. Intraday resistance is seen at 88.19, followed by the crucial 88.72.
Resistance levels, according to Mihaylov, lie at 88.19, 88.75 and 92.40. On the downside, support levels remain at 87.36, 86.20 and 83.45.