FX EUR/USD: Euro, picks up further and approaches intra-day high at 1.4165
FXstreet.com (Barcelona) - Euro decline has found support at 1.4090 two-week low reached during European session, and the Euro has bounced, approaching levels at 1.4165 intra-day high.
Initial resistance lies at 1.4185 (Aug 11 high) and above here 1.4220 (Aug 10 high) and 1.4270. On the downside, support levels lie at 1.4105/10 (Aug 10 and 11 low) and below there 1.4080 intra-day low and 1.4050/60.
Acordingg to the Swiss e Trade Strategy Team the odds for the Euro picking up above 1.4180 are very low: "This market continues to hover above its support levels around 1.4000 this European morning and is currently trading at 1.4130. We see some recovery potential emerging today, but not leading much above the 1.4180 resistance level."
