FXstreet.com (Barcelona) - Despite a slight ease to levels around 1.4960 after softer than expected GDP data, the Euro has extended its recovery from 1.4889 session low to 1.4990 high, right below key resistance area at 1.5000 on positive house prices data.

At this moment the Euro is struggling with 1.4985/00 resistance ares (session high/Nov 23 high), and above here, next resistance levels will be 1.5015 (Nov 16 high) and 1.5035. On the downside, support levels lie at 1.4950/55, and below here, 1.4920/25 and 1.4880. session low

U.S. Case-Schiller Home Price Index, has shown a 8.9% decline in housing prices during the third quarter, a substantial improvement from the 14.7% decline in the second quarter, and the 19% decline in the first three months of the year.