FXstreet.com (Barcelona) - The Euro is pulling further down, away from 1.1104 Asian session high as the pair dipped to levels right below 1.4340 at European session opening times.

If the Euro consolidates below 1.4340,,next support levels could be located at 1.4310 and 1.4280. On the upside a recovery above 1.4340/50 could find resistance at 1.4404 (August 27 high) and above here, 1.4430 and 1.4445 (Aug 5 high).

The Euro is giving mixed signals in 4hr and daily charts, according to Greg Holden, technical analyst at ForexYard, although hourly charts point out to a downward reaction: The pair soared yesterday by 115 pips to the 1.4356 level. The 4-hour and daily chart's oscillators seem to be showing misleading signals. However, the RSI of the hourly chart shows the pair above the 70 mark, signaling that a downward reversal is imminent.

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