FXstreet.com (Barcelona) - Euro decline from 1.4378 high on European session has found support at 1.4285 and the pair has returned upwards, reaching past 1.4300 struggling to to break above 50 SMA at 1.4320 after having hit hit 1.4325.

According to the ecPulse.com analysis team, a wider perspective shows conflicting technical patterns in hourly charts: The hourly chart shows a possible formation of two conflicting technical patterns, where the upside pattern is activated by a breach for the mentioned resistance level above (1.4385), whereas the negative is achieved by breaching 1.4250 to the downside. We still favor the upside direction, where 1.4270 is forming good support following the 50 MA at 1.4325.

The ecPulse.com analysis team observes potential resistance levels at 1.4375, and above here, 1.4430 and 1.4475. On the downside, support levels lie at 1.4325, 1.4300 and 1.4270.

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