FXstreet.com (Barcelona) - Euro rally from 1.4265 low on Friday found resistance yesterday at 1.4555, and the pair retreated during U.S. and Asian sessions to find support at 1.4450 before bouncing back, and trade right at 1.4500 area at the moment of writing.

At the moment, the pair lies right above last week's trading range, with initial support at 1.4445/50 (Dec 29/Jan 6 highs/ session low), and below here, 1.4415 (Dec 24/28 high) and 1.4340. On the upside, resistance levels lie at 1.4555 (Jan 11 high), and above here, 1.4575 (38.2% Fib resistance of the Nov/Dec fall) and 1.4590 (Dec 16 high).

EUR/GBP has remained consolidating in a range between 0.8970 to 0.9025 since it bounced on Friday at 0.8920 low. At the moment, the pair trades at 0.8995, with support levels at 0.89870 and 0.8920. Resistance levels remain at 0.9025 and 0.9055.

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