FXstreet.com (Barcelona) - The Euro has been advancing higher on Friday to get past the 1.4400 level today, according to Liviu Flesar, technical analyst at E-Forex affirms: Support is now formed at 1.4400 backed by 1.4360 and 1.4325. Resistance starts at 1.4430 followed by 1.4450 and 1.4500. Daily sentiment is bullish. Hourly studies are bullish too and a potential break of the support at 1.4400 may signal an intraday reversal. For the next sessions, Flesar expects the Euro to build support on the current area before testing higher positions: We expect the Euro to build strong support in the 1.4350-1.4400 area before climbing higher, towards the 1.45 area. However, a potential retracement may bring levels as low as 1.4200 back into our attention.
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