FXstreet.com (Barcelona) - The Euro is pulling down after failure to break above 1.5000 resistance area and, as risk appetite retreats, the Euro has broken below 1.4930/40 support area, hitting a fresh intra-day low at 1.4920.

Short-term sentiment, however, remains on the upside as long as 1.4850 level stands, says, Liviu Flesar, technical analyst at InnerFX: Intra-day sentiment is now bearish as the euro is retracing into the lower half of the 1.49 zone but short-term sentiment remains positive as long as 1.4850 is intact.

Support levels, below 1.4930/40, lie at 1.4880 (Nov 16 low) and 1.4825 (Nov 13 low). On the upside, resistance levels lie at 1.4970 and above here, 1.5000 session high and 1.5015 (Nov 16 high).