FXstreet.com (Barcelona) - Dollar's advance against sterling is somewhat mitigated in this early European holidays session trading.

Initial resistance stands at 1.4683 but real test (triple top and upper limit of current range) comes at 1.4778. Said Peter Rosentreich, analyst at ACM - Advanced Currency Markets. On the downside, he expects crucial levels are 1.4620 (recent low) and more importantly a strong floor at 1.4583.

Dollar strength is predominant as we re-test support levels. He added.

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