FXstreet.com (Barcelona) - The Euro has extended its reversal from intra-day high at 1.4925 to levels below Monday's low at 1.4845 to reach a fresh 2-weeks low at 1.4785, although the Euro picked up and trades at 1.4810 at the moment of writing.

Support levels, below 1.4800 lie at 1.4760 (Oct 13 low), and below here, 1.4670/75 (Oct 9 and 12 low) and 1.4645 (Oct 6 and 7 low). On the upside, the Euro might find resistance at 1.4845/50 previous low, and above here, 1.4925 intra-day high and 1.5000.

According to Valeria Bednarik, collaborator at FXstreet.com, below 1.4840 bearish momentum will accelerate: Pair needs to break 1.4840 support to gain bearish momentum, while the upside remains limited by the 1.4925 level. Bigger time frames point for further falls in the next session. Stocks and gold will be key for dollar's trend.

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