FXstreet.com (Barcelona) - The Euro has bounced at 1.4250 session low and picked up to test levels at 1.4300/05 resistance, taking back all the ground lost on early European session.

At the moment, the Euro is testing intra-day high at 1.4305, in case of further recovery, next resistance levels lie at 1.4345 and 1.4360. On the downside, support levels lie at 1.4250 intra.day low, and below here, 1.4200/05 (August 20 and 21 low) and 1.4170.

According to Stoyan Mihaylov, technical analyst at Deltastock.com, 1.4310 level is crucial ti break with the current downside trend: The negative bias has been sustained and the pair tries to break convincingly below 1.4267, en route to 1.4160. Crucial on the upside is 1.4310.

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