Forex: EUR/USD in range between 1.2090 and 1.2150
Euro recovery from Monday's low at 1.1875 extended yesterday above 1.2100 resistance area and the Euro, capped at 1.2150 high has remained treading sideways on Friday, in a range between 1.2090 and 1.2140/50 on the upside.
Despite the current week's uptrend, Stoyan Mihaylov, technical analyst at Deltastock.com continues seeing the pair bearish, targeting 1.1870 and lower: "The pair tested 1.2150 major resistance and we are still bearish here for 1.1870, en route to 1.1650. Initial intraday support comes at 1.2070, followed by 1.2004 and "trigger" on the downside is already 1.1960."
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