Forex: EUR/USD: Euro dips below 1.4100 on retreat from 1.4170

  @ibtimes on

FXstreet.com (Barcelona) - The Euro has continued appreciating on early Asian session and, after bouncing at 1.4070 on early U.S. session, the common currency reached 1.4175 session high to decline afterwards testing levels right below 1.4100 at the moment of writing.

Below 1.4100, the Euro could find support at 1.4070 (Aug 18 low), and below there 1.4045 (Aug 17 low). On the upside in case of bouncing around current levels, the Euro might find resistance at 1.4160/70 area (intra-day high) and above here, 1.4190 and 1.4210.

EUR/GBP went through a 100 pip decline on Tuesday and from day high at 0.8630, the pair found support at 0.8520 to pick up to levels below 0.8590 ahead of the European session opening. Resistance levels lie at 0.8560 and 0.8575. Support levels are 0.8520 and 0.8480.

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