FXstreet.com (Barcelona) - The Euro has rallied sharply during European session and rebound from Tuesday's low art 1.4885 has extended above 1.5065 year to date high to reach a fresh high at 1.5095 so far.

According to Karen Jones technical analyst at Commerzbank, above 1.5065 the target moves to 1.5140/65: Above 1.5064 we target 1.5140/65 en route to 1.5245/87 region (78.6% Fibonacci retracement of the 2008 decline and May 2008 low).