FXstreet.com (Córdoba) - The Dollar strengthened in the last hour across the board helped by stocks that are pulling back from the highs. EUR/USD fell to 1.4936, posting a fresh intra-day low. A confirmation below 1.4750 could give further momentum to the Dollar since the pair would be breaking a range. The next support to the downside lies at 1.4915/20 (Nov 5 and 6 highs).
The FastBrokers Research Team affirms: The 1.50 level continues to play a lead role as far as resistance is concerned. As for the downside, the EUR/USD still has multiple uptrend lines serving as technical cushions along with 11/09 and 11/06 lows. Therefore, the EUR/USD has a solid support system in place.