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Forex: EUR/USD: Euro tests 1.50 area, 14 months later

Euro bounce at 1.4825 low on Monday, has rallied through its year to date high at 1.4965 to reach a fresh high at 1.4995, right below 1.5000 psychological area, where sellers have showed up to send the pair back to 1.4965 area.

At the moment, the Euro moves right above previous year high at 1.4965 (Oct 15 and 16 high) and below here, next support levels are 1.4885/95, and 1.4825 (Oct 19 low). On the upside, initial resistance lies at 1.4990/00 (Session high) and above here, 1.5040 and 1.5085 (Aug 11 08 high).

EUR/GBP rally from 0.9100 low was capped at 0.9190 high on Monday's US. session, and the Euro has returned to 0.9105 Asian session low. Support levels are 0.9095/90 and 0.9080/85. Resistance levels are 0.9140 and 0.9165.

EUR/USD (Oct 20 at 07:10 GMT)

1.4978/78 (0.08%)

H 1.4994 L 1.4951

S3S2S1R1R2R3
1.48871.49251.49621.49751.50121.5050
[?]Trend Index[?]OB/OS Index
Slightly BullishNeutral
Data updated on Oct 20 at 06:55 (15-minute timeframe)

[ View EUR/USD Technical Studies ]

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