FXstreet.com (Barcelona) - Euro rebound at 1.4255 low on Monday has extended to levels above 1.4365 high yesterday to hit an intra-week high at 1.4377 on the back of German retail Sales' advance.

At the moment, the Euro trades at 1.4370 with next resistance level at 1.4390 (Aug 28 high), and above here, 1.4405 (Aug 27 high) and 1.4430. On the downside, initial support could be located at 1.4315/20 intra-day low, and below here, 1.4255 (Aug 31 low) and 1.4215 (Aug27 low).

German Retail sales have advanced 0.7% in July from June, while they have declined 1.0% year on year, following a 1.3% monthly decline and a 1.6% year on year decline in June.

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