FXstreet.com (Córdoba) - The Dollar is rising further against the Euro. EUR/USD broke below 1.4660 and fell to 1.4650 posting a fresh intra-day low. The pair continues to move with a downside bias for the session. The next support lies at 1.4645 (Oct 6 low) and below at 1.4600. Euro weakened after failing to break above 1.4700 zone that has become an important resistance for the current session.
Currently the pair trades at 1.4654/56 or 0.46% below today's opening price action. EUR/USD is falling after three consecutive days with gains.
The ecPulse.com analysis team affirms: So far, the majors; the euro and the royal pound, managed to gain slight momentum throughout the currencies market as a result of rough correctional movements, even though pessimism is spread within overall markets as major economies remain depressingly affected by the global downturn, knowing that the EU growth contracted further.