FXstreet.com (Barcelona) - The Euro's rejection at 1.4925 on European morning has continued in the last hours to fall below 1.4900 level and test 1.4850. Currently the pair is trading around 1.4865/75, at the same opening price range at 1.4870.
According to Valeria Bednarik, FXstreet.com collaborator, the Euro is looking vulnerable against the Dollar: Past Monday rally has left Euro vulnerable, trapped between 1.4926/1.4840, first one 23.6% second one 38.2% of the daily Fibonacci rally 1.4480/1.5063. To the downside, break under 1.4840 and further, 1.4825 could trigger another sell off rally with 1.4745, 200 EMA as key target zone. Confirmations above 1.4926 should send the pair to test the 1.4980 area.