FXstreet.com (Barcelona) - The Euro has bounced up after coming close to support, Steven Wesiak, technical analyst at ABN AMRO advances increases if Euro holds the ground: A new low looks to have been set at 1.4632 and holding above it should lead to an attack on new resistance at 1.4714. Clearing that will propel prices up to the 1.4785 handle at the minimum. On the down side, Wesiak forecasts: Holding under 1.4714 keeps a slight bearishness in place and could lead to attempt at dislodging the 1.4632 low. If that snaps then an effort to drive levels under 1.4580 should follow.
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