FXstreet.com (Barcelona) - Euro rally from Tuesday's low at 1.4806 has reached an intra-day high at 1.4975, right below 1.5000 psychological level, and the pair has pulled down reaching 1.4920 area so far.

Initial support level ies at 1.4925, and below here the Euro could find support at 14900 and 1.4860/70 session lows. On the upside, resistance levels lie at 1.4970 session high, and above here, 1.5000 (Nov 17 high) and 1.5020 (Nov 16 high).

The pair is losing bullish momentum, according to Valeria Bednarik, collaborator at FXstreet.com, although it has to dip below 1.4900 to accelerate downisde pressure: Still with no signs of exhaustion in hourly indicators, and above 20 SMA (red) strongly bullish, pair needs at least lo lose the 1.4900/10 area to trigger some downside movements.

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