FXstreet.com (Barcelona) - The Euro has continued consolidating in a range from 1.5015 to 1.5060 during European session, after bouncing at 1.4980 on early Asian session.

The pair looks steady heading higher, according to Asma Nazir, technical analyst at Automaticx: A very good support is present around 1.4970 level and a good buy is seen around that level as EURUSD will be expected to make another move towards 1.5050 and then extend its move to 1.5100 level.

Initial resistance area lies at 1.5060 (Intra-day high/ Oct 23 high), and above here, 1.5085 (Aug 11 08 high) and 16000. On the downside, support levels lie at 1.5010, and below here, intra-day low at 1.4980 and 1.4940 (Oct 22 low).

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