FXstreet.com (Barcelona) - The Euro is weakening further ahead of the European session opening and decline from Friday's high at 1.4390 has extended below Asian session low at 1.4280 to levels right above 1.4250.

Below 1.4280, next support level could be located at 1.4250 and in case of further decline, 1.4220 (Aug 27 low) and 1.4205 (Aug 26 low). On the upside resistance levels are at 1.4315 Asian session high, and above here, 1.4350 and 1.4390 (Aug 28 high).

EUR/GBP rally from 0.8325 low in August 18 has entered in a consolidation channel after having peaked at 0.8840 on August 27, and the pair has remained moving in a range from 0.8775 to 0.8805 during Monday's Asian session.