FXstreet.com (Barcelona) - The Euro is weakening sharply and reversal from intra-day high at 1.4350 has extended 100 pips lower on a negative Wall street opening to hit a fresh intra-week low at 1.4225.

At the moment, the Euro lies right at the 200 SMA in hourly charts, and below there, next support levels lie at 1.4200 (Aug 20 low), and 1.4170. On the upside, above 1.4250, the Euro might find resistance at 1.4275/80 and above here, 1.4310 and 1.4360 (Aug 25 high).

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