FXstreet.com (Córdoba) - The Euro is consolidating above 1.4600. Earlier EUR/USD rose to 1.4652 posting a fresh 9-month high. But during the American session the pair remained near multi-month high but failed to reach levels above. The Dollar recovery found support at 1.4600. The pair is heading toward the sixth consecutive daily gain.
The ecPulse.com analysis team comments: The pair is currently trading within an upside channel while dropping on the four hour scale trying to reach the support level at $1.4565 but holds a strong tendency to incline to $1.4651 levels, which is considered a resistance level before dropping to the previously mentioned support level. The trading range for the pair will be set among the support level at $1.4552 and the resistance level at $1.4662.