FX : EUR/USD: Euro pullback finds support at 1.4845
The Euro has pulled back from 1.4965 fresh 14-month high, to find support at 1.4845 before attrmpting to pick up. At the moment, the Euro is struggling at 1.4900 area.
In case of breaching above 1.4900, next resistance levels lie at 1.4965 session high, and above here, 1.4980 (Aug 13 08 high) and 1.5000. On the downside, initial support level lies at 1.4835/45 (Oct 14 low/session low), and below here, 1.4790/00 and 1.4755 (Oct 13 low).
According to Per-Erik Karlsson." technical analyst at Avantage Financial GMBH, Euro remains targeting 1.50 while above 1.4650: "Took out 1.4850 key resistance yesterday and 1.50 is next up as long as 1.4650 holds.
