FXstreet.com (Córdoba) - The Euro is moving away from intra-day low against the Dollar. EUR/USD has risen above of 1.4570 to 1.4582, posting a session high. The next resistance area lies at 1.4600 and above at 1.4635. Earlier it fell to 1.4525 posting a 2-week low.
Currently the pair is trading at 1.4568/72 which is 0.25% below today's opening price. The pair is falling for second day in a row.
According to Valeria Bednarik, collaborator at FXstreet.com, for the Dollar to rise further EUR/USD needs to break under 1.4500/15 area, 50% retracement of the last upleg, to extend current rally, while only above 1.4650, not seen today, pair could regain previous upside trend.