FXstreet.com (Barcelona) - The Euro rallied from 1.4650 low on Wednesday to a fresh two-week high at 1.4820 on Thursday, but the Euro could not hold those levels and has retreated during Asian session to 1.4705 low. At the moment of writing, the Pair trades at 1.4725; 0.45% below its day opening level.
The Euro trades now above 1.4705 intra.day low, and in case of further retreat, next support levels could be 1.4685 (Oct 8 low) and 1.4650/55 (/ and 6 Oct low). On the upside the Euro might find resistance at 1.4735 (Oct 7 high), and above here, 1.4780/95 and 1.4820 (Oct 8 high).
EUR/GBP upward reaction from Thursday's low at 0.9160 has been capped at 0.9210 and the Euro has eased to 0.9180 low on Asian session, to consolidate between here and 0.9200 on the upside. resistance levels are 0.9210 and 0.9275. Support levels lie at 0.9160 and 0.9135.