FXstret.com (Barcelona) - Euro recovery attempt seen earlier on European session has been short livesd as the pair turned down from 1.4335, dropping back to re-test session low at 1.4385, which, so far remains intact as the pair moves at 1.4300.

On the daily chart, Peter Rosenstreich, technical analyst ACM - Advanced Currency Markets, observes the pair likely to continuate December's downtrend if 1.4380 is breached: downside support currently coming in around 1.4280, and if breached we can expect a continuation of the downtrend that has been in play since 4th Dec (break of the 12-month uptrend).

On the upside, above 1.4335, Rosenstreich sees the pair eyeing resistance ahead of 1.4500: Very tight range today (1.4288-1.4335) ahead of today's NFP, still eyeing topside resistance ahead of 1.4500, and beyond there the major hurdles at 1.4600 and 1.4685.

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