FXstreet.com (Barcelona) - The Euro continued appreciating at one year highs, as the Dollar weakens on risk appetite fuelled by signs of economic recovery, and Euro-Dollar rally from 1.4610 low on Monday has extended to levels above 1.4800 on Tuesday's European session, with the pair hitting a fresh 12-month high at 1.4820.

On the upside, initial resistance levels lie at 1.4865 (Sept 22 08 high) and above here, 1.4905 (Sept 21 08 high) and 1.4980 (Aug 13 08 high).

The Euro, at the moment at 1.4805, is way overbought at hourly and daily charts and a potential pullback could happen, in that case, the pair could meet support at 1.4750/65, and below here, 1.4725 and 1.4700.

.