FXstreet.com (Barcelona) - The Euro has been going through consolidation at levels between 1.4210 and 1.4260 during Thursday's European session, after its rally from 1.4085 yesterday.

The Swiss e Trade Strategy Team forecasts volatility to pick up later to bring the Euro somewhat lower: The market traded sideways in late Asian and early European trading, with the euro caught between 1.4260 and 1.4210, and currently trading at 1.4235 against the dollar. We see some more volatility coming up today, with a downward tendency towards the 1.4150 level.

Initial resistance lies at intra-day high 1.4265, and above here, 1.4305 (Aug 14 high) and 1.4325 (Aug 13 high). On the downside, initial support lies at 1.4205 intra-day low, and below here, 1.4170/90 and 1.4155.