FXstreet.com (Córdoba) - The Euro is back above 1.4700, recovering after falling to 1.4680. In the last hours EUR/USD moved sideways in a range with support at 1.4710 and resistance at 1.4735. Greenback failed to hold gains and weakened. Despite recent rise in the pair, for the day is still down, 0.20% below today's opening price. It is the first day in almost two week that the Euro does not reach fresh multi-month highs.
The ecPulse.com analysis team comments: After sinking to the lowest level since September, 2008 the dollar rebounded today after investor's concerns of economical outlook shifted their attention to low yielding assets rather than holding higher yielding assets, even as improvement was seen in the Manufacturing, Housing and services sector.