FXstreet.com (Barcelona) - The Euro has extended its recovery from post Fed decline on the back of better than expected jobless claims figures, to levels right below 1.4800.

U.S. initial Jobless claims have declined by 21K to 530 K in the week of September the 19th, from upwardly revised 551K on the previous week, a larger than expected decline, as market analysts had advances initial claims to total 545K. Continuing claims have declined by 123K to 6,138 K in the week of September the 12th.

EUR/USD recovery from 1.4685 has extended to a session high at 1.4695 after jobless claims data was released and, at the moment of writing, the Euro tests resistance area a1 1.4690/00

.