FXstreet.com (Barcelona) - The Euro continues retreating from 1.4965 year to date high, breaking below sesson low at 1.4885 to hit a fresh low ar 1.4845; right bove Oct 14 and 15 low at 1.4835/40 area.

At the moment, the Euro trades at 1.4865,with mentioned 1.4835/45 support at sight (Oct 14/15 low), and below here, 1.4810 and 1.4790/00. On the upside, above 1.4900 the Euro might find resistance at 1.4925/30 and above here, 1.4965 (Oct 15/Intra-day high) and 1.4980 (Aug 13 08 high).

According to the ecPulse.com analysis team, if the Euro holds above 1.4820, the pair could reach levels above 1.51: Our morning expectations remain as is, where we await the pair to rebound after touching the mentioned support level and target 1.5100. It is important that 1.4820 remains intact to keep the upside trend valid.

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