Forex: Euro and Pound bounce up, approaching session highs at European opening

By IBTimes Staff Reporter | January 04 2010 3:17 AM

FXstreet.com (Barcelona) - Euro and Pound have bounced up from session lows to jump about 70 to 100 pips higher at European session opening times to reach levels right below Asian session high.

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EUR/USD has bounced at 1.4265, to breach past 1.4300 and reach levels around 1.4325, with Asian session high at 1.4335.

GBP/USD has bounced from session low art 1.6055 to return above 1.6100 and reach 1.6150, approaching Asian session high at 1.6165.

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