E-Forex - The Euro rallied during today's Asian session, managing to regain 150 points versus the greenback. The pair is currently facing strong resistance in the 1.5560 zone which is also a retracement level of the 1.5905-1.5340 move. A downward trendline started at 1.5905 extended through the next highs is also noticed into the 1.5560-1.5570 area. The Euro has to break the resistance at 1.5560-70 in order to confirm a resume of the uptrend so that we will focus higher towards 1.59.
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