FXstreet.com (Barcelona) - The Euro has been rejected at levels close to intra-day high 1.4735 and the pair's reversal has dropped about 60 pips to dive below 1.4685 intra-day low.

Support levels lie at 1.4675 (Sept 30/Oct 5 high) which is being tested at the moment, and below here, 1.4645 (Oct 6 low) and 1.4600. On the upside, resistance levels lie at 1.4735 session high, and above here, 1.4765 (Oct 6 high), and above here 1.4805 (Sept 24 high).

According to Greg Holden, technical analyst at ForexYard, we could see some bearishness later today: The price has been floating in the over-bought territory on the 4-hour RSI for some time now, but appears to be cascading downward back into neutral territory. This suggests that the momentum has turned for the time being and traders may see some bearishness later today.