FXstreet.com (Córdoba) - The Dollar helped by falling stocks is recovering against the Euro. EUR/USD failed to hold above 1.4950 and fell to 1.4905. Despite the recent recovery the pair is far form intra-day low that lies at 1.4845. Current price at 1.4915/20 is 0.10% below today's opening price. Greenback is rising against the Euro after three consecutive days with losses. On the downside, the next support lies at 1.4900 and below at 1.4845 (intra-day low).
According to Rob Brooker, founder of Trader Radio.net the Euro will fall by the end of the year based on the possibility of an economic downturn.