FXstreet.com (Barcelona) - After a slight wobble after mixed ZEW economic confidence index, the Euro has gathered strength to break above 1.5000 and attack Monday's high at 1.5020 at the moment of writing.

In case of breaking above 1.5020, next resistance levels lie at 1.5060 (Oct 26 high) and 1.5100. On the downside, support levels lie at 1.4950 session low, and below here 1.4900/15 (Nov 4, 5 and 6 high) and 1.4880.

According to Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets, Euro mid-term upward trend is back in Play: The breakout of the short term downtrend at 1.4930 / 50 and subsequent strong rally at the start of the mondays Asian session above those levels means the medium term uptrend looks to be back in play

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