FXstreet.com (Córdoba) - The Dollar is extending its gains against the Euro. EUR/USD fell further to 1.4705 posting a fresh two-week low. The pair trades at 1.4710/13, 0.65% below today's opening price and is falling for the fourth consecutive day accumulating a decline of more than 300 pips. If the pair fall further below 1.4700 the next support lies at 1.4670 (Oct 9 low).
The ecPulse.com analysis team sees that the pair may start going higher according to the four-hour and one-hour stochastic oscillator.
The Euro trades at the lowest level in a month against the Pound. EUR/GBP broke below 0.9000 and fell to 0.8949, posting a fresh one-month low. Currently it trades at 0.8965/68, 0.87% below the opening price.