FXstreet.com (Barcelona) - The Euro's advance against the Dollar has found a resistance just above 1.5000 level again and, after hitting 1.5015 as fresh intra-day high, pair has fallen around 50 pips to trade below 1.5000 key level and reach daily low at 1.4967.
Currently the pair is trading around 1.4980/90, 0.10% below today's opening price action at 1.4995 and moving close to MA55 hourly chart at 1.4980.
Carol Harmer, analyst at CharmerCharts.com, comments: Eur/Usd double topped at 1.5023 and this has kept a lid on prices. As long as the market holds below this resistance this market will trade lower. Initial support is located at 1.4940/20 and any sellers should be looking to take profits on shorts to here.