FXstreet.com (Barcelona) - The Euro reversed yesterday from the lowest levels since April 3, in a upward move that, according to Cornelius Luca, economist at Global Forex Trading, might remain for the rest of the current week: Euro/dollar reversed from its lowest level since April 3 to close higher on Wednesday. My model remains short, but the upside risk should continue to Friday. Resistance and support levels, according to Luca, stand as follows: Immediate resistance is at 1.5645. A break above it would signal a more aggressive recovery to 1.5690. Distant resistance is at 1.5790. Initial support is at 1.5570. The next level is 1.5480. Distant support is 1.5355.
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