Forex: EUR/USD: Euro, in range below 1.4365/70 resistance area

  on

FXstreet.com (Barcelona) - The Euro found support at 1.4215 3-months low on Tuesday, to pick up on Wednesday's U.S. session, and reach 1.4365 high and consolidate, during Asian session, in a range from 1.4325 to 1.4355, attempting to break higher at the moment of writing.

Initial resistance levels lie at 1.4365/70 (Dec 23/21 high) and above here, 1.4410 (Dec 18 high) and 1.4420. On the downside, support levels lie at 1.4324 (session low) and below here, 1.4300 and 1.4260.

EUR/GBP rally from 0.8860 area on Monday extended on Wednesday to 0.9000 resistance area, and rejected at that level, the Euro has eased during Asian session, to levels around 0.8970 at the time of writing. The pair remains on the upside in hourly charts with resistance levels at 0.8985 and 0.9000. Support levels lie at 0.8970 and 0.8945/50.

.

Join the Discussion