FXstreet.com (Barcelona) - The Euro has bounced aggressively art 1.4900 area and it has rallied about 100 pips to reach levels right above 1.5000 for the first time since August 08.

At the moment, the Euro trades at 1.4980 with resistance levels at 1.4995/00 (Oct 20 high) and above here, 1.5020 and 1.5040. On the downside, support levels lie at 1.4965/70, and below here, 1.4900/05 and 1.4880 (Oct 20 low).

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