FXstreet.com (Barcelona) - The Euro has rallied from 1.4320 low in Asian session, to 1.4378 high to drop afterwards and dip below 1.4315/20 area, to hit 1.4305 low.

Initial support lies at 1.4300, and in case of further decline the Eurpo could find support at 1.4255 (Aug 31 low) and 1.4215 (Aug27 low). On the upside, resistance levels lie at 1.4350, and above here, intra-day high at 1.4378 and 1.4390 (Aug 28 high).

According to the Swiss e Trade Strategy Team, the Euro could dip to 1.4290 before return to the upside: First we see the current retreat move to continue, to the 1.4290 level, and from there fresh upward momentum setting in, leading to levels around 1.4380 again.