FXstreet.com (Córdoba) - The Euro is recovering further against the Dollar after falling sharply from year highs at 1.4965 to 1.4845 (intra-day low). EUR/USD is trading back above 1.4900 at 1.4904/06, 0.20% below today's opening price. The pair is falling for the first time after three days with important gains.
On the upside the pair could find resistance at 1.4950 and at 1.4965. Support below 1.4835/45 lies at 1.4790.
The ecPulse.com analysis team affirms: The euro versus dollar indulged in a bearish move since this morning, as we expected in our morning report, where we await for the pair to stabilize at 1.4890 support level and then rebound to complete the intraday upside move for the rest of the day. Our morning expectations remain as is and we await the target to be met at 1.5040.