FXstreet.com (Barcelona) - The Euro is accelerating downtrend as risk aversion has returned and, after having topped at 1.8850 the pair dips below 1.4750 weighed by negative stock markets, reaching 1.4725 low.

At the moment, the Euro stands right at the upptrend resistance line from March 3 low, which has remained intact after several assaults, and lies at 1.4725/35 area, and below here, next support levels lie at 1.4685 (Oct 29 low) and 1.4670 (Oct 9 low).

On the upside, resistance levels could be at 1.4820/30 and above here 1.4850/55 session high and 1.4875.