FXstreet.com (Barcelona) - On a very low volume session, ahead of U.S. nion -farm payrolls, the Euro has been trying to break above 1.4900 area, but after reaching 1.4905 high, the pair has eased to levels around 1.4870 at the moment of writing.
The Swiss e Trade Strategy Team doubts about the pair's possibilities to break 1.4900 today: The euro is trying hard to break the 1.4900 resistance level, currently trading slightly below at 1.4895 this European morning. We see that resistance not being broken in today's trading, and rather anticipate a downmove to come, to levels around 1.4800.
Resistance levels lie at 1.4900 andf above here, 1.4915 (Nov 5 high) and 1.4925 (Oct 27 high). On the downside, support levels lie at 1.4865/70, and below here, 1.4835/40 and 1.4805.