FXstreet.com (Barcelona) - The Euro has pulled down from intra-day highs, reaching levels below 1.4300 at the U.S. markets opening, and approaching support area at 1.4265/70 at the U.S. session opening.

Initial support area lies at 1.4265/70, and below there at 1.4230/40 area and 1.4180. On the upside, resistance levels lie at 1.4320 intra-day high, and above here, 1.4350/60 and 1.4415 (Aug 7 high).

Nevertheless, According to Valeria Bednarik, collaborator at FXstreet.com, the pair remains bullish while above 1.4240: Technically, pair remains bullish thus overbought in the hourly, suggesting a probable continuation to the 1.4360 area later in the day. Corrective movements should remain capped at the 1.4270/80 mentioned level; if above, 1.4240 will be key.

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