FXstreet.com (Barcelona) - The Euro has retreated mildly after hitting 1.5836. The ActionForex team, considers the Euro still on the upside: Intraday bias remains on the upside as long as 1.5718 minor support holds. Further rally is expected to test 1.5843 resistance. The odds from nwo on, according to the ActionForex team, stand as follows: Break of this resistance will add favor to the case that consolidation has already completed at 1.5302 and will bring stronger rise to retest 1.6019 record high first. On the downside, below 1.5718 minor support will indicate that an intraday top is in place and EUR/USD could have started the final leg of triangle to complete the consolidation from 1.6019.
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