FXstreet.com (Barcelona) - Euro rebound at 1.4280 on European session has extended to 1.4370 session high, although the pair has not confirmed above 1.4355 resistance which is being tested at the moment of writing.

In case of consolidating above 1.4355, next resistance levels come at 1.4415 (Dec 18 high) and 1.4480 (Oct 2 low). On the upside, initial support lies at 1.4280 session loW, and below here, 1.4260 (Dec 18 low) and 1.4200

On a wider perspective, the Euro remains trading inside a bearish channel, and according to the ecPulse.com analysis team, the pair will resume decline from levels around 1.4360: We expect touching resistance for the current descending channel at 1.4365 and then start an expected bearish direction for the remainder of trades today; targeting 1.4180 mainly, which requires 1.4425 to remain intact.

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