FXstereet.com (Barcelona) - The Euro rebound from Nov 2 low at 1.4625 has extended in Asian session with the pair climbing from 1.4850 to break resistance level at 1.4915 and reach levels above 1.4950 for the first time since October 25. At the moment of writing, the Euro trades at 1.4955; 0.45% above its day opening price.
Initial resistance level lies at 1.4960/75, and above here, 1.500/10 and 1.5060 (Oct 26 high). On the downside, initial support level comes at 1.4915 (Nov 4,5 and 6 highs), and blow here, 14880 and session low at 1.4850.
EUR/GBP failure to break 0.9000 resistance area on its attempts last Thursday and Friday triggered a decline, which has found support at 0.8925, and the pair has remained consolidating from the mentioned support to 0.8945 on the upside, during the whole Asian session. Support levels lie at 0.8910/20 and 0.8895. Resistance levels are 0.9025 and 0.9060.