FXstreet.com (Córdoba) - The Euro pulled back after posting a fresh 2-week high at 1.4817 against the Dollar. EUR/USD fell to 1.4770 and from there regain the upside but found resistance at 1.4800. Currently the pair trades at 1.4777/80, 0.62% above today's opening price.
The by ecPulse.com analysis team affirms: As a result, the euro-dollar pair is declining and is forecasted to slump further according to the four-hour chart stochastic oscillator, having the Union currency trading at 1.4789 recording a high of 1.4817 and a low of 1.4681 with a resistance 1.4806 and a support at 1.4752.
Against Cable, the Euro has recovered from early losses. EUR/GBP is testing level above 0.9200. The pair fell earlier to 0.9157 (intra-day low) but after the opening bell at Wall Street started to revive.