FXstreet.com (Barcelona) - Euro rally from Yesterday's low at 1.4885 has stalled at 1.5045 resistance area, and after rejection on its first attempt, the pair has bounced at 1.5020 to returns to test 1.5045 at the moment of writing.

According to Peter Rosenstreich, technical analyst at ACM - Advanced Currency Markets, below 1.5063 considerable resistance should be expected: The first attempt at 1.5049 resistance has repelled a further rally, and considerable resistance can be expected ahead of 1.5063 (26 Oct highs and last major resistance); where a break higher would open up a move to 1.5200 levels.

Resistance levels, according to Rosentreich, lie at 1.5049, 1.5063 and 1.5100. On the downside, support levels lie at 1.4800, 1.4700, 1.4626.

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