FXstreet.com (Córdoba) - The Euro plunged against the Dollar during the American session. EUR/USD found support at 1.4840 (one-week low) and currently the pair trades at 1.4870/75, 0.94% below today's opening price. Below 1.4840 the next support lies at 1.4820 (Oct 8 high). On the upside, the pair could find resistance at 1.4880 and above at 1.4940.

The Dollar is rising for the second day in a row against the Euro and recovers after falling to fresh year lows early in the day. The trend still favors the upside in the EUR/USD.