FXstreet.com (Barcelona) - Euro has risen 100 pips against the dollar during the first hour after the US opening bell from 1.4550 to break up the MA55 level at 1.4575, trade above 1.4600 level and post 1.4650 as fresh 2009 high.

Currently the pair is trading around 1.4635/45, 0.30% above today's opening price action at 1.4596.

On the Upside, if the Euro manages to hold above 1.4635, previous 2009 high, next resistance area could be at 1.465/75. On the downside, initial support level lies at 1.4575 European session high, and below here 1.4500 (Sept 10 low), and (Sept 9 low).

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