FXstreet.com (Barcelona) - Euro attempt to pick up on the back of better than expected jobless claims figures, has been halted at levels below 1.4940/50, previous support, and the Euro has returned to levels around day low 1.4903.

The Euro is going through a corrective decline after failure to break 1.5060 on Wednesday, and, according to Valeria Bednarik, collaborator at FXstreet.com, downward pressure could accelerate below 1.4910: Having printed a lower low on daily basis, break under 1.4910 should accelerate the downside and gave a quick rally to the 1.4860 area, before a corrective movement takes place.

On the upside, Bednarik sees possibilities to a re-test of the 1.5020/30 area, while above 1.4890: Pair remains highly attached both to stocks and gold levels, so a downside movement there will also favor EUR/USD deeper corrective movement; on contrary, above 1.4980, pair should attempt to regain the 1.5020/30 area.

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