FXstreet.com (Córdoba) - The Dollar is rising further against the Euro in the last hour of the American session. EUR/USD broke below 1.4850 and fell to 1.4819 posting a fresh intra-day low. The pair tumbled almost two hundred pips after being unable to break above 1.5015 during the Asian session. The next support is located at 1.4810 (Nov 5 and 6 low) and below at 1.4775
Current price at 1.4830/35 is 1.02% below today's opening price. The pair is losing weekly gains on Thursday and trades at the same level it had at the beginning of the week.
Michael J. Malpede, analyst at Easy Forex comments: The technical outlook for the EUR is mixed as the EUR trades below 1.5000. Expect EUR support at 1.4810 the November 5th low with resistance at 1.5017 the November 12th high.