FXstreet.com (Barcelona) - The Euro has found resistance at 1.5020 against the Greenback after rising around 70 pips from intra-day low at 1.4950 in the Asian session. EUR/USD has begun to fall following its test of 2-week high at 1.5020 to trade below 1.5000 level, close to 1.4970.
Currently the pair is trading around 1.4970/80, 0.15% below today's opening price action at 1.5000.
According to Mohammed Isah, analyst at FXTechstrategy, the EUR/USD is bullish above the 1.4844 level: Having opened the week on bullish momentum following its decisive break through its Oct 27'09 high on Monday, threats of further gains continue to be seen towards the 1.5000 level. Though seen hesitating in early trading today, while the 1.4926 level or even the 1.4844 level remains unbroken, we expect the pair to head further higher.