FXstreet.com (Córdoba) - The Euro is extending it recovery after falling earlier to 1.4825, reaching the lowest price of the week. EUR/USD is holding above 1.4900 after finding support at 1.4885. The pair rose to 1.4929 and if extends the recovery above 1.4930, next resistance levels lie at 1.4955 (Nov 26 low) and 1.4975/80. On the downside, support levels lie at 1.4885 and below here, 1.4830 (session low), and 1.4800 (Nov 20 low).
According to Stoyan Mihaylov, technical analyst at Deltastock.com, the Euro could fall to 1.4550: Yesterday's break below 1.5020 and especially today's below 1.4920 signal a reversal at 1.5146, that jeopardizes the important support at 1.4801. A break below that level will state that a major top is in place and will target 1.4623, en route to 1.4550.