FXstreet.com (Barcelona) - The Euro has picked up slightly from intra-day lows at 1.6525/35 area, reaching levels at 1.4950 after Eurozone Industrial Production released its fifth consecutive monthly increase.

Industrial production has increased 0.3% in the countries sharing the Euro currency, although year on year production remains 12.9% below the levels on the same month last year. Positive figures, yet shorter than the, market consensus of a 0.5% monthly increase.

On its recovery, the Euro might find resistance at 1.4950 (Nov 11 low), and above here, intra-day high at 1.5015/20 and 1.5050/60 (Nov 11 high/Oct 26 high). On the downside support levels lie at 1.4935, and below here, 1.4900/15 (Nov 4.5 and 6 highs) and 1.4850 (Nov 9 low).

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