Forex: EUR/USD: Euro, picking up from 1.5030/35 support

By IBTimes Staff Reporter | December 04 2009 2:26 AM

FXstreet.com (Barcelona) - Euro rallied on Thursday to re-test year to date high at 1.5145 but was rejected at 1.5140 and dropped during the day to 1.5035 low on early Asian n session, to bounce up to levels around 1.5070 at the moment of writing.

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On the upside, the Euro could find resistance at 1.5100/10 and above here 1.5445 (Nov 25/26 high) and 1.5180. On the downside, support levels lie at 1.5030 (Dec 2/3 low) and below here, 1.5000 and 1.4960/70 (Nov 30/ Dec 1 low).

EUR/GBP decline from 0.9155 high on Monday and Tuesday found support on 0.9030 intraweek low ad following recovery has met resistance at 0.9115. The pair has remained hovering below the mentioned level during the whole Asian session and eased below 0.9100 at the moment of writing. Resistance levels lie at 0.9115 and 0.9155. Support levels are 0.9060/65 and 0.9030.

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