FXstreet.com (Barcelona) - The Euro has regained some of the ground lost last week after the weaker than expected US Empire State Index, the ActionForex Technical Team affirms: EUR/USD's recovery from 1.5302 extends to a high as 1.5518 today, touching 4 hours 55 EMA. With an intraday low in place at 1.4302, further upside could still be seen. Nevertheless the ActionForex Team warns about the possibility of another fall for the Euro: However, recovery should still be limited below 1.5584 resistance and bring another fall. As discussed before, prior break of 1.5365 support indicates that rise from 1.5284 has completed with three waves up to 1.5843, suggesting that it's merely a correction to the fall from 1.6019 record high.
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