FXstreet.com (Barcelona) - The Euro has gone through an up and down European session,, reaching two weeks high at 1.3385 to drop back towards 1.3300 afterwards, giving away previous gains. At the moment, the Euro trades at 1.3308, 0.40% above its opening level.
According to the Swiss e Trade Strategy Team, the Euro is on a corrective move from stiff resistance levels, and it has yet room for more depreciation: The pair continues to show strength this European morning, but is now meeting stiff long-term resistance levels around 1.3350. At the current price of 1.3330 we do not see much more upside potential in today's trading, and rather expect a down correction to levels around 1.3250.
Support levels, below 1.3300 lie at 1.3265 and below there, 1.3230. On the upside, 1.3350 and 1.3385 fresh two-week high are the nearest resistance levels, above here, 1.3410.
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