Forex: EUR/USD: Euro extends recovery to levels below 1.5100

By IBTimes Staff Reporter | November 30 2009 2:23 AM

FXstreet.com (Barcelona) - EUR/USD decline from 1.5145 year to date high found support 1.4828 on Friday's early European session, and the pair's bounce has extended during Monday's Asian session reaching levels at 1.5085 session high.

Sponsorship Link

At the moment of writing the Euro trades at 1.5050; 0.30% above its day-opening price, with next resistance level at 1.5085 session high, and above here, 1.5100 and 1.5120. On the downside, support levels lie at 1.5025, and below here, 1.5000 and 1.4965 session low.

EUR/GBP has remained trading in a range from 0.9070 to 0.9100 during Monday's Asian session, consolidating after peaking on Friday at 0.9135 one-month high. Resistance levels lie at 0.9100/05 and 0.9135. Support levels are 0.9060/70 and 0.9040/45.

.