FXstreet.com (Barcelona) - Euro bounce at 1.4300 remains capped below 1.4400/0, with the pair unable to extend higher, the Euro remains moving between 1.4375 and 1.4400 on early European session, not affected by Ifo business climate Index improvement.

Business climate has improved in Germany, with the Ifo Index up to 94.7 in December from 93.9 in November, while the index measuring the assessment about current economic conditions has risen to 90.5 in December from 89.1 in November.

At the moment, the Euro trades at 1.4385, with next resistance area at 1.4400/10, and above here, 1.4450 and 1.4500 (Dec 15/16 low). On the downside, initial support level lies at 1.4345/50, and below here, 1.4300 (session low) and 1.4240.

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