E-Forex - The Euro rallied on yesterday and got past the 1.4800 then 1.4820 resistance levels setting highs at 1.4905 due to Fed's rate cut by half point. Support starts at 1.4850 backed by 1.4820, 1.4780 and 1.4750. Resistance starts at 1.4920 followed by 1.4965 and 1.5. Daily sentiment is bullish and will remain intact while the Euro holds above the 1.4750 mark. Hourly studies are bullish as well but the pair looks quite exhausted on current rise, therefore we expect another trend correction if new highs will be set around the 1.4920 mark soon.
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