FXstreet.com (Barcelona) - The Euro has remained trading in a range from 1.4700 to 1.4750 after retreating on Thursday from a fresh 11-month high at 1.4770. At the moment of writing, the Euro trades at 1.4725 after having tested 1.4695 support.
On the upside, resistance levels lie at 1.4770 /Sept 17 high) and above here, 1.4800 and 1.4825 (Sept 23'08 high). On the downside, initial support lies at 1.4690/00 (Sept 17 low/intra-day low), and below here, 1.4640 (Sept 16 low) and 1.4625.
EUR/GBP has contained rallying from Sept 10 lowat 0.8720 as thepair moved from 0.8895 low on Thursday to reach 0.9000 resistance area moments ahead of the European session opening. At the moment, the Euro is testing 0.9000 and in case of breaking above here, next resistance levels lie at 0.9035 and 0.9055. On the downside, support levels lie at 0.8955 and 0.8935.