FXstreet.com (Barcelona) - The Euro has continued depreciating against the Dollar, however, Cornelius Luca, economist at Global Forex Trading, does not see the end of the uptrend yet: Euro/dollar added to its Thursday's losses but at much slower pace. Again, it's premature to call the end of the major uptrend, and the initial bias is up. My model remains short but the selling pressure should decelerate. Don't leave your guard down, this pair may still bounce.
About resistance and support levels, Luca affirms: Initial resistance is at 1.5680. The next level is 1.5760. Distant resistance is at 1.5820. Immediate support is now seen at 1.5600. The next level is 1.5556. Below the important level at 1.5480, euro/dollar has support at 1.5415.