FXstreet.com (Córdoba) - The Euro rose to 1.4999 (intra-day high) against the Dollar but failed to jump back above 1.5000. EUR/USD then retreat finding support at 1.4960/65. Currently the pair trades at 1.4974/78, 0.79% above today's opening price. If it rises further, above 1.5000 resistances levels lie at 1.5020 and above at 1.5060. The Euro is rising after falling in the last two sessions.
Liviu Flesar, technical analyst at InnerFX affirms: The euro trades higher today, recovering after Friday's dip, testing the downward trend line from 1.5045 which comes around 1.4950. The short-term charts show prolonged indecision as this range of 1.4820/50-1.5 has been valid for the last two weeks. It is not easy to advance higher above 1.5 but the dollar bulls are facing difficulties too - the 1.4820/50 region being a stable bottom which held on several attempts.