FXstreet.com (Barcelona) - German unemployment has posted a seasonally adjusted decline of 12,000 persons in September, larger than the 5,000 decline seen in August, yet too short of the market expectations of a 25,000 decline; unemployment rate has edged down to 8.2% in September from 8.3% in August. The Euro has not been affected by German employment data.

EUR/USD recovery from Tuesday's low at 1.4525 has been capped at 1.4645, Tuesday's high, ahead of the European session opening, and the Euro eased to 1.4600 level.

Next support levels lie at 1.4580, and once below here, 1.4525 (Sept 29 low) and 1.4500 (Sept 10 low). On the upside, resistance levels lie at 1.4645 (Intra-day high / Sept 29 high), next resistance area could be located at 1.4675/80, and above here, 1.4720/25 (Sept 25/28 high).

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