FXstreet.com (Barcelona) - The Euro eased from Monday's high at 1.5020 and went through a mild correction, to find support at 1.4950 before pulling up again to re-test 1.5000 area at the moment of writing.

While 1.5063 year-high remains intact, Axel Rudolph, technical analyst at Commerzbank expects the Euro to fluctuate below 1.5000: Unless this is taken out on a daily New York chart closing basis we expect it to stall and to at least slip back towards the 1.4920 Nov. 5 high.

Immediate resistance level lies at 1.5020 (Nov 9 high), and above here, 1.5060 (Oct 26 high) and 1.5100. On the downside, support levels lie at 1.4950 session low, and below here 1.4900/15 (Nov 4, 5 and 6 high) and 1.4880.

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