FXstreet.com (Córdoba) - After reaching a fresh intra-day high at 1.4548 the Euro weakened against the Dollar and started to pull back. EUR/USD fell below 1.4500 to 1.4481. The pair has lost previous gains and currently trades at 1.4485/89, 0.17% below today's opening price.
To the downside support could be located at 1.4450/55 (intra-day low) and below at 1.4400/05. Resistance levels lie at 1.4555/50 (yesterday's high / session high).
The FastBrokers Research Team affirms: The EUR/USD is moderating around 1.45 as the wires begin to heat up for the first time this with an ECB policy meeting and U.S. Retail Sales headlining on Thursday. The ECB is expected to keep its monetary policy intact despite a bit of discouraging data as of late. The ECB may tighten its language a bit with the lingering possibility of an announcement concerning the removal of an alternative liquidity measure due to the confident language emitting from central bank representatives.