FXstreet.com (Barcelona) - Euro rally from 1.4100 on Friday has extended to levels above 1.4300 as the Euro reached 1.4326, right below 2009 high at 1.4339. At the moment, the Euro trades at 1.4315,0.30% above its day-opening price.
Resistance levels lie at 1.4339 (Jun high) and above here, 1.4370 and 1.4400. Support levels lie at 1.4260, and below there, 1.4195/05 area, and 1.4160.
According to the ecPulse.com analysis team, 1.4310 is a pivotal level for the pair: "The EUR/USD pair continues its upside pressure on the pivotal resistance 1.4310, in an attempt to breach and continue its upside short term direction; where chances favor achieving that after forming a bullish technical pattern, shown in the upper diagram. If the pair succeeded in achieving the breach for this level, and closed the four-hours above it, the intraday direction will rebound to the upside."
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