FXstreet.com (Barcelona) - Euro decline from Monday's high at 1.4195 has extended on Wednesday after the release of Federal Reserve's Monetary policy statement, as the pair has dipped to levels below 1.4000 for the first time since July 2009.

The Euro trades now at 1.4010, with next support level at the mentioned 1.4000, and below here, 1.3960 (Jul 17 low, and then 1.3910 (Jul 14 low). On the upside, resistance levels remain at 1.4090/10, and above here, 1.4125/30 and 1.4180/95 (Jan 22/25 and 26 highs).

Below 1.4025, the risk is on the downside with targets at 1.3982 and then 1.3860, according to Karen Jones, technical analyst at Commerzbank: Failure at 1.4025 will target the 1.3982/55 week ma and then the 1.3860/200 week moving average. We would expect to see these hold the initial test, this is a key support zone.

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