FXstreet.com (Barcelona) - Euro rebound from intra-day low at 1.4250 has broken above 1.4310 resistance to hit a intra-day high at 1.4335 before easing to levels around 1.4320. According to the ecPulse.com analysis team the Euro recovery could continue today, targeting levels above 1.4500: "The EURO versus Dollar pair was able to touch the awaited correction level at 1.4250, from where it rebounded to upside, inline with our morning expectations; we currently are waiting for the continuation of the intraday upside move for today, targeting 1.4550 levels. As long as trading remains above level 1.4200 today's upside move will remain valid. " Initial resistance level lies at 1.4345, and above here, 1.4360 (Aug 24 high) and 1.4375 (Aug 21 high). On the downside, initial support lies at 1.4250 intra-day low, and below there, 1.4230 and 1.4200 (Aug 20 low).

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