FXstreet.com (Barcelona) - Euro reversal from 1.4415 session high, has extended about 100 pips lower, as the pair broke below Monday's low at 1.4330, after the deterioration of German ZEW Economic sentiment Index, reaching a fresh 7-day low at 1.4320 so far.

German ZEW Economic sentiment Index as dropped to a reading of 47.2 in January from 50.4 in December, dropping beyond the 50 level expected by the markets.

If the Euro confirms below 1.4330, next support levels could lie at 1.4300/05, and 1.4280. On the upside, resistance levels lie at 1.4350/60, and above here, 1.4380 and 1.4425.

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