FXstreet.com (Barcelona) - The Euro has risen to a fresh all time high at 1.5894 so far, the intraday bias, according to the ActionForex Technical team, is on the upside: Intraday bias remain on the upside as long as 1.5721 minor support holds. As discussed before, firm break of 1.5902 high and 1.5915 fibo resistance will confirm that whole rally from 1.4365 has resumed.

On the downside, the ActionForex technical Team affirms: On the downside, though, below 1.5721 will indicate firstly that an intraday top is in place. Secondly, it will argue that consolidation from 1.5902 is still in progress and another fall could be see to retest 1.5342 before resuming recent up trend.