FXstreet.com (Barcelona) - Euro recovery from 1.4825 low on Friday has lost its strength on Monday and after pealing at 1.5085, the Euro has remained moving from 1.5020 to 1.5070 during European session.
Despite positive intra-day bias, the Euro will likely break below 1.5020 to re-visit 1.4801 according to Stoyan Mihaylov, technical analyst at Deltastock.com: The rebound from 1.48+ support zone was larger than expected, and broke through 1.5020 crucial level, neutralizing the bearish momentum. Intraday bias is still positive, but we favor a break below 1.5020 to target 1.4801 again.
Resistance levels, according to Mihaylov, lie at 1.5080, 1.5146 and 1.5290. On the downside, support levels lie at 1.4960, 1.4801 and 1.4450.