FXstreet.com (Barcelona) - Bearish reversal from Tuesday's high at 1.4485 has extended on Wednesday as the Euro plunged, ahead of the European session opening, breaking below 1.4335/40 support area, to hit a fresh intra-week low at 1.4290.

If the pair consolidates below 1.4300, next support levels come at 1.4255 (Dec 4 low) and below here, 1.4235 (Dec 23 low/200-day MA) and 1.4215 (Dec 22 low). On the upside, resistance levels might be at 1.4335/40 (Previous session low), and above here, 1.4370 (session high), and 1.4400/05.

EUR/GBP rally from 0.8855 was capped on Tuesday at 0.9015 high, and the pair's reversal has extended below 0.8970 support area to hit a fresh low at 0.8950. Next support levels lie at 0.8935/45 and 0.8905. Resistance levels are 0.8970 and 0.9000.

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