FXstreet.com (Barcelona) - Euro recovery from 1.4845 session low has extended to levels right above 1.4880 level on the back of U.S. jobless claims figures, although the Euro has not confirmed above the mentioned 1.4880 and remains struggling right at it.

In case of breaking above 1.4880, next resistance levels lie at 1.4900/05, and above here, and 1.4930/35. On the downside, intra-day low lies at 1.4840, with 50% Fib retracement of the Nov 3-11 rally at 1.4835, and below here, next support levels are 1.4810 (Nov 17 low and 1.4785 (61.8% Fib retracement of the Nov 3-11 rally).

U.S. Initial jobless Claims have remained unchanged at 505.000 on the week of November 14, yet a fairly high level, which shows U.S. economy's difficulty in create labor. Continuing claims have fallen by 39,000 to 5,611,000 on the week of November 7.

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