FXstreet.com (Barcelona) - The Euro has remained trading within a 100 pip range, from 1.4450 to 1.4555 for the second consecutive day, consolidating after rally from 1.4260 low on Friday broke above the previous trading range; from 1.4260 to 1.4460/80 on the upside.
At the moment, the Euro trades at 1.4505 with next res1stance levels at 1.4520 and 1.4545/55 (Jan 11 and 12 high). Once above the current range top, next resistance could be at 1.4575/90 (Dec 16 high). On the downside, support levels lie at 1.4450 (session low/Jan 12 low), and below here, 1.4400/20 (Intra-day level/Dec 24/28 high) and 1.4340.
EUR/GBP re-tested yesterday 0.9025 resistance area -Jan 7&11 high_ and failed to break above it again, extending decline from the mentioned level to 0.8938 area, and approaching Jan 8 low at 0.8920; the bottom of the last 7-days range. Below 0.8910/20, next support levels lie at 0.88.90 and 0.8855. Resistance levels are 0.9030 and 0.9055.