FXstereet.com (Barcelona) - The Euro made a sharp rally yesterday against the Dollar, to reach a two-week high. Cornelius Luca, economist at Global Forex Trading affirms that another rally seems likely today: The pair should now attempt another rally today - or at least for part of the day. Initial resistance comes at 1.4846 and this nearby level must give way if any additional strength can be seen. Above 1.4913, there is a pivotal top at 1.4956. On the way down, support lines, according to Luca, stand as follows: Immediate support is at 1.4755. Below the strong 1.4700 floor, there is further support at 1.4620.
Join the Discussion