FXstreet.com (Barcelona) - The Euro rallied yesterday against the Dollar, recovering most of the ground lost in previous sessions. Liviu Flesar, technical analyst at E-Forex affirms that the Euro found support in the 1.47 area: Support is formed at 1.4720 backed by 1.4705 and 1.4685. Resistance emerges at 1.4770 followed by 1.4800 and 1.4850. Bullish momentum is formed on both intra-day and daily studies. The European currency is now aiming the 1.48 area: The Euro recovery points towards the 1.48 area while 1.4720 and 1.4705 will remain supportive and we believe that the retracement which has reached lows in the 1.45 and 1.46 areas is over now.
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