FXstreet.com (Barcelona) - The Euro remains pushing against 1.4770 resistance area, which is holding down Euro rally from 1.4650 low on Wednesday, Karen Jones, technical analyst at Commerzbank, observes the possibility of a dip to 1.4580 although the view remains near-term possitive.

Jones adverts about a pullback from current levels to 1.4580: This (1.4770) has temporarily stalled the advance and while we would allow for a possible near term dip back to 1.4580.

On the upside, Jones considers that the Euro is near-term positive, on its way to 1.4865/75: The view remains near term positive and we look for the 1.4845/65 resistance to be retested.This is likely to hold the initial test - it represents the recent high and the September 2008 high, but we then look for this to be eroded.

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