FXstreet.com (Córdoba) - The Dollar is rising across the board on Tuesday and against the Euro is extending gains. EUR/USD failed to hold above 1.4800 after finding resistance at 1.4835 and tumbled to 1.4777, fresh intra-day low. The pair is falling for the third day in a row accumulating a decline of more than 250 pips as it continues to pull down from 1.5060 (14-month high).
Currently it trades at 1.4782/85, 0.55% below today's opening price. To the downside, the next support could be located at 1.4760 (Oct 13 low) and below at 1.4730.
Valeria Bednarik, collaborator at FXstreet.com, affirms: Euro seems to be the more affected currency, and having break the 1.4840 level, a daily close under this zone, will open doors for further falls this week. Tomorrow U.S. Durable Orders, will likely define the matter.