Forex: EUR/USD: Euro, above 1.4130, bias is negative for 1.4050 support - Deltastock

FXstreet.com (Barcelona) - The Euro decline from 1.4300 high yesterday has extended to 1.4130 low on European session and the popair trades around 1.4145 at the time of writing.

According to Stoyan Mihaylov technical analyst at Deltastock.com the bias is negative for 1.4050 support: "the pair was sold-off pretty fast to an intraday low of 1.4130, and the bias is still negative here for 1.4050 support zone. An eventual break above 1.4194 will neutralize the bearish outlook and will bring back the range in play."

Support levels, according to Mihaylov, lie at 1.4109, and below there, 1.4050 and 1.3830. On the upside, resistance levels are 1.4194, 1.4270 and 1.4338.