FXstreet.com (Barcelona) - The Euro has lost more than 100 pips during the European session,dropping from 1.4645 high ahead of Frankfurt opening times to hit a fresh 2-weeks low at 1.4535.
At the moment, the Euro trades right above support level at 1.4530/35, and below here, next support levels lie at 1.4515 (Sept 14 low) and 1.4500 (Sept 10 low). Resistance levels are 1.4595/00, and above here, 1.4646 intra-day high and 1.4675/80.
On the downside, Carol Harmer, technical analyst at Charmer Charts, advices to watch 1.4520 support: 1.4645 capping leaves the downside exposed once more with 1.4565/50 then the short term objective. Sellers will cover. If below 1.4520 sellers will re-instate shorts as 1.4455/45 would then be targeted.