FXstreet.cm (Barcelona) - Euro rally from 1.5030 low on Thursday has extended during European session, stretching above 1.5115/20 resistance and reaching session high levels at 1.5135, with year to date high at 1.5145 on sight.

Once abocve 1.5115/20, next resistance level lies at 1.5145 1.5145 (Nov25/26 high), and above there, 1.5180 and 1.5200/10. On the downside, initial support level comes at 1.5100, and below here, 1.5065 and 1.5030 (Dec 2 low).

According to the Swiss e Trade Strategy Team, ECB's press release due at 13:30 GMT, after the release of the Banks monetary policy decision will determine Euro direction: We will wait for the news from the ECB at 13:45 CET today before taking a position. For now, with the current market at 1.5125, it looks like the 1.5140 resistance will be taken out, but we see a consolidation / correction setting in later today.

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