FXstreet.com (Barcelona) - Euro recovery from session low at 1.4510 has been capped at 1.4585 resistance level, and the pair pulled down to levels around 1.4535 at the moment of writing.
Bearish bias remains intact on the Euro-Dollar, according to Mohammed Isah, technical analyst at FXTechstrategy, with the pair targeting 1.4479: Further downside risk continues to point lower towards the 1.4500 level, its psycho level. A breach will open the door for more downside pressure towards its Oct 02'09 low at 1.4479 or even lower.
Support levels , at the moment, lie at 1.4505 (Dec 15 low) and below here, 1.4480 (Oct low) and 1.4445 (Aug 5 high). On the upside, resistance levels are 1.4585/00 (Dec 11/14 lows) , and above here 1.4615/30 and 1.4665.