FXstreet.com (Barcelona) - Euro decline from 1.4900 resistance area, found support at 1.4755 one-month low, after breaking below 1.4820 (Dec 4 low) to bounce up afterwards to levels right above 1.4800 at the moment of writing.

On the upside the Euro could find resistance at 1.4820 previous low, and above here, at 1.4900/10 and 1.4965/80. On the downside, below 1.4755, next support levels lie at 1.4730/40, and below here, 1.4700 (Nov 4 low) and 1.4680 (Nov 2 low).

On a wider perspective, according to Stoyan Mihaylov, technical analyst at Deltastock.com, the pair is hovering at the lower band of the 1.4800/1.5100 recent range: The pair is still in the 1.48-1.5150 range and only a break below 1.48+ will set the focus on 1.4620 and at the main support at 1.4450. We favor the idea, that current range will continue with the next upward swing for 1.5146.

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