FXstreet.com (Barcelona) - Euro's rebound has been limited at 1.5628 to drop sharply in the early US session, as the ActionForex Technical Team explains: EUR/USD's rebound from 1.5462 was limited at 1.5628, below mentioned 1.5665 resistance as expected. Subsequent sharp fall from there pushed EUR/USD through 1.5462, indicating that the whole decline from 1.5818 has resumed.

The odds from now on, according to the the ActionForex Technical Team stand as follows: Further break of 1.5281 support will confirm this case and bring deeper decline to 100% projection of 1.6019 to 1.5284 from 1.5818 at 1.5083 first. On the upside, above 1.5628 is needed to indicate fall from 1.5818 has completed and shift bias back to the upside.