FXstreet.com (Barcelona) - Euro rebound from intra-day low at 1.4250 has broken above 1.4310 resistance to hit a intra-day high at 1.4335 before easing to levels around 1.4320.
According to the ecPulse.com analysis team the Euro recovery could continue today, targeting levels above 1.4500: The EURO versus Dollar pair was able to touch the awaited correction level at 1.4250, from where it rebounded to upside, inline with our morning expectations; we currently are waiting for the continuation of the intraday upside move for today, targeting 1.4550 levels. As long as trading remains above level 1.4200 today's upside move will remain valid.
Initial resistance level lies at 1.4345, and above here, 1.4360 (Aug 24 high) and 1.4375 (Aug 21 high). On the downside, initial support lies at 1.4250 intra-day low, and below there, 1.4230 and 1.4200 (Aug 20 low).