STEFAN STEINEMANN, TECHNICAL ANALYST, DOLEFIN.COM

EURO/DOLLAR: "We succeeded in stabilising above the $0.8965 minor support and so it still seems that the euro is about to retest the $0.9020-40 area. Actually it seems as if the $0.9040-50 area even is achievable. But as long as the euro fails to stabilize above $0.9050 we face a considerable probability that the euro could fall once again later on and test towards the $0.89 area before probably resuming the uptrend. With regards to latter remark we want to highlight once again the broken downtrend line from the $0.9330 top that provides now important support near $0.89. For the time being we watch the $0.9050 resistance and the minor support (but probably indicative level for downside test) near $0.8965."