FXstreet.com (Barcelona) - Euro upward moving attempt from day low at 1.4880 during Asian session has been capped again at 1.4935, and the pair has pulled down, breaking below 1.4880 to hit a fresh intra-day low at 1.4865 so far.

At the moment, the Euro is struggling at 1.4865 congestion area, and, in case of further decline, next support levels would be at 1.4845 (Nov 19 low) and 1.4805 (Nov 5/17 lows). On the upside, resistance levels lie at 1.4905, and above here, 1.4935 intra-day high and 1.4965 (Nov 19 high).

According to Ian Coleman, technical analyst at Turtle Futures, the Euro is about to decline towards 1.4750 area: Expecting an impulsive move down to 14752 area in a third wave sequence, breaking through the main Daily wedge and starting our EURUSD decline.

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