FXstreet.com (Barcelona) - The Euro has continued appreciating against the Dollar in the European session, Mohammed Ishah, technical analyst at FXTechstrategy sees the Euri aiming at 1.47 level: The bulls continue to launch more offensives following up on further recovery yesterday and pushing even higher in early morning trading today to shift focus to the 1.4751/52 zone, its Nov 09'07/Dec 11'07 highs where a break should open up further upside gains towards its Feb 02'08/2007 peak at 1.4955/67.

On the way down, Ishah foresees: Initial set backs if seen should target its ST riding trendline currently at 1.4410 and its Jan 22'08 low at 1.4364 accompanied by the 1.4310 level, its Dec 20'07 low. Below there though not currently envisaged should halt its medium term uptrend and target lower prices.