FXstreet.com (Barcelona)- The Euro has eased after hitting 1.4360 high, and the pair eased to levels around 1.4325 where the 20-day SMA is acting as support.

According to Valeria Bednarik, the Euro is on consolidation between 1.4280 and 1.4340: Pair remains consolidating between 1.4280/1.4340 as posted on previous update, yet hourly charts have turned to the downside, and 4 hours have changed to flat, mostly to the lack of volume ahead of U.S. holiday.

Resistance levels, according to Bednarik, lie at 1.6445, 1.6480 and 1.6520. On the downside, support levels lie at 1.6375, 1.6340 and 1.6280.

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