FXstreet.com (Barcelona) - The Euro continued rallying against the Dollar yesterday to reach its highest level in two and a half months. Cornelius Luca, economist at Global Forex Trading points out to today's ECB rate decision: The euro/dollar rallied to a 2 Â½-month high on Wednesday, ahead of the expected European Central Bank rate hike today. The bias should be on the upside, but the event is already priced in. Resistance and support levels, according to Luca, stand as follows: Immediate resistance is at 1.5947. Above 1.6020, euro/dollar has additional resistance at 1.6065. Initial support is now at 1.5865. The next levels are 1.5835 and 1.5795. Below 1.5740, further support remains at 1.5645.
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