FXstreet.com (Barcelona) - Attempts to recovery after having reached an intra-day low at 1.2965, have capped at 1.3020, and the Euro is dipping below 1.3000 levels on early European session.

The Euro is trading on a downside momentum, and, according to Tim Salem, collaborator at FXstreet.com, 1.2969 represents a key level to observe: Momentum to the Downside continues within the Down trending L.R. Channel, and a potential Hourly Double-Bottom from Daily Static Support at 1.2969 with RSI Readings at 33 and Slope providing Confirmation. Follow-through brings the Hourly 20SMA at 1.3027, and the Daily Pivot into View at 1.3078.

EUR/GBP is soaring on early European session, after having reached an intra-day low at 0.8795, the pair has rallied to levels above 0.8860 on its way to Apr 16 high at 0.8870.

Resistance levels lie at 0.8900 and 0.8950. Support levels at 0.8785 and 0.8765.

For more information, read our latest forex news.