FXstreet.com (Barcelona) - Euro has found support at 1.4685 after falling from 11-month high at 1.4766 against the Dollar with the pair rising back above 1.4700 level and trading close to 1.4760. Currently the pair is trading around 1.4740/50, 0.30% above today's opening price action at 1.4708.
Valeria Bednarik, FXstreet.com collaborator, comments: Pair hit a fresh yearly high early Europe, and retreat from 1.4767, with hourly charts turning to bearish. Indicators crossed the mid line, while current candle opened under 20 SMA suggesting some more downside corrections for next hours. Bigger time frames are forming reversal patterns yet still early to say. Watch for daily close, as pair also rebounded in the roof of a daily ascendant channel.
Bednarik provides us with her levels: Support levels: 1.4680 1.4650 1.4620. Resistance levels: 1.4735 1.4770 1.4830