FXstreet.com (Barcelona) -The Euro continued rallying against the Dollar reaching 1.5371, according to the ActionForex Technical Team, the intraday bias is on the upside: At this point, intraday bias remains on the upside as long as 1.5275 minor support holds and the current rally is expected to extend to next short term upside target of 61.8% projection of 1.3360 to 1.4966 from 1.4438 at 1.5431. From this point, the ActionForex Team advances: Upside could be limited there initially on loss of momentum as well as over bought condition. Though, sustained trading above 1.5431 will set the stage to next target of 100% projection of 1.3360 to 1.4966 from 1.4438 at 1.6044. Meanwhile, below 1.5275 will indicate that an intraday top is in place.
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