FXstreet.com (Barcelona) - The Euro's retreat against the Dollar from 15-month high at 1.5095 has found support at 1.5040 in the last hour with the EUR/USD bouncing at this level to test previous highs. Currently the pair is trading around 1.5075/85, 0.75% above today's opening price action at 1.4670.
The ecPulse.com analysis team, comments: As regards to the euro-dollar pair, it is showing an incline on the daily charts but on the 4-hour and 1-hour charts it is declining. The euro zone lacked fundamentals today; however, the euro spiked high after breaching 1.5000 levels. The pair is currently traded at 1.5052, recording a high of 1.45095 and a low of 1.4954, whereas the coming support is at 1.5040 and resistance at 1.5070.