FXstreet.com (Barcelona) - Euro rally from 1.5030 low in Wednesday has been capped at 1.5140, right below year high at 1.5145, and the pair has dropped, weighed by Trichet's words supporting the USD, reaching levels around 1.5060 at the moment of writing.
The Euro, however, remains bullish on intra-day charts and slightly bearish on the hourly, according to Valeria Bednarik, collaborator at FXstreet.com: Current candle opened above 20 SMA in the hourly that holds the bullish slope; indicators had turned slightly bearish in the hourly, yet as usual, pair likely to remain attached to gold and stocks rather than follow short term technical signs. Watch for a break under 1.5060 to trigger some downside corrective movement.
Support levels, according to Bednarik, lie at 1.5060, 1.5035 and 1.5000. On the upside, resistance levels lie at 1.5100, 1.5145 and 1.5180.