FXstreet.com (Córdoba) - The Euro lost most of the gains achieved during the American session in the last hours. EUR/USD failed to hold above 1.4750 and weakened falling to 1.4710. The pair is still up, 0.10% above today's opening price, rising for the fourth consecutive day. The next support lies at 1.4700 and below at 1.4685 (intra-day low) and 1.4640.
The FastBrokers Research Team afirms: The EUR/USD still has quite a bit of upward mobility despite historical consolidation in this area along with the highly psychological 1.50 level. An eclipse of September 2008 highs would serve as yet another signal that the global economy is on the path to recovery. As for the downside, the EUR/USD has multiple uptrend lines as Wednesday lows to fall back on. The currency pair is separating itself from the psychological 1.45 level, another positive indicate for the EUR/USD trend-wise.