Forex: EUR/USD, in range above 1.4300 after bouncing at 1.4260

 @ibtimes
on December 21 2009 2:03 AM

FXstreet.com (Barcelona) - The Euro has remained moving in a range between 1.4300 and 1.4360 during Monday's Asian session, the pair has remained consolidating at 3-month lows, after its retreat from 1.5145 year to date high on early December, found support at 1.4260 low on Friday.

At the moment of writing, the Euro trades around 1.4330, with next resistance levels at 1.4360 session high, and above here, 1.4415 (Dec 18 high) and 1.4480 (Oct 2 low). On the downside , initial support lies at 1.4280 (session low) and below here, 1..4260 (Dec 18 low) and 1.4200 (Jul 1 low).

EUR/GBP remains moving within last two days range, from 0.8850 from 0.8920. During Asia session, the pair has traded between 0.8855 and 0.8890. Resistance levels lie at 0.8900 and 0.8945. On the downside, support levels are 0.8875 and 0.8850.

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