FXstreet.com (Barcelona) - The Euro fell from 167.72 to bounce back at 160.67 in a rebound that continues to extend today. According to the ActionForex.com technical team, intraday bias is bullish: At this point, intraday bias remains on the upside as long as 162.19 minor support holds. On the down side, the ActionForex.com team advances: However, prior break of short term rising indicates whole rise from 149.27 has completed. Further decline is still in favor as long as recovery from 160.46 is limited by 164.53 support turned resistance. Sustained trading below 160.67 cluster support will bring deeper decline towards 155.15 support.
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