FXstreet.com (Barcelona) - Euro pullback from 1.4655 high has extended below the 20hour SMA which had been acting as support during European and Asian sessions, and the pair trades ar 1.4600 level at the moment of writing.

Initial support level, at this point, lies at 1.4580 (intra-day low) and below there, 1.4560 and 1.4500. On the upside, a rebound at current levels might find resistance at 1.4645 (Oct 2 high), and above here, 1.4675/80 (Sept 30/Oct 1 high) and 1.4725/30 (28 and 25 Sept highs).

The ecPulse.com analysis team observes the Euro on the upside, as long as 1.4440 remains in place: From here, our morning expectations remain intact, while we await a bullish intraday move targeting 1.4845; it is important that 1.4440 remain intact to achieve it.

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