FXstreet.com (Barcelona) - The Dollar extends its rally, and the Euro loses more than 100 pips so far from 1.3640 intra-day high to test levels below 1.3540 support level.
Below here, next support level comes at 1.3495, and below here 1.3445, and in case of a deeper decline, 1.3415 (Mar 25 low) would come to stage.
If the Euro manages to hold above here, an upside reaction could drive to a test to intra day high level at 1.3600/15, over there,1.3680 (Mar 24 high) would come on sight and resistance level at 1.3740 where a triple top has been formed.
According to Valeria Bednarik, collaborator at FXstreet.com, the pair could regain upside bias: The pair also completed the pullback and remains above the 20 SMA with momentum pointing also for further gains. Volume is good yet the pair has a tough static resistance around 1.3625 that needs to be cleared to see the pair regain upside bias.