FXstreet.com (Barcelona) - The Euro has been moving slightly upwards during European session, after having bounced at 1.4680 during Asian trading hours, to day high at 1.4735 at the time of writing.
On a wider perspective, EUR/USD remains on the upside after having bounced at 1.4480 last Friday, below major resistance at 1.4750/1.4850, says Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets: The major resistance zone around 1.4750 / 1.4850 seems to be keeping a lid on EURUSD as EUR-crosses suppress any upside for now. Good support should come in around 1.4675-50.
Resistance levels, according to Rosentreich, lie at 1.4750, 1.4770, and 1.4850. Support levels are 1.4510, 1.4460 and 1.4330.