FXstreet.com (Barcelona) - The Euro has rallied against the Dollar after the Fed cut rates, to reach its third highest level ever, Cornelius Luca, economist at Global Forex Trading expects choppy trading for today: Choppy to lower trading is now likely on Thursday, as the explosive rally after the US rate cut was overdone. Immediate support is still seen at 1.4800. The next level is 1.4755. Only a break below 1.4710 would signal a more sustained decline and then 1.4640 could be revisited. On the way up, Luca forecasts: Initial resistance comes at 1.4870. Above this level, there are pivotal highs at 1.4990 and 1.4966.
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