Mon, Aug 22 2011, 07:49 GMT |
FXstreet.com FXstreet.com (Barcelona) - Euro retreat from Friday�s high at 1.4450 extended on Asian session to 1.4350 day low and the pair has bounced up on generalized Euro strength returning to day highs at 1.4395 following a positive opening on European benchmark indexes.
The pair is pushing against 1.4395 (day highs) at the moment. Above here, next resistance levels could be at 1.4450 (Aug 18/19 highs) and 1.4515 (Aug 17 highs). On the downside, support levels are 1.4345 (day low), and below here, 1.4300/10 (intra-day level) and 1.4260 (Aug 19 low).
EUR/GBP reversal from 0.8745 has been contained at 0.8695, and the pair bounced up to day highs at 0.8735, and EUR/JPY rejection from 110.95 has been contained at 110.00, before bouncing up at European session opening, reaching 110.50 at the time of writing.

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Source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=467cb433-18ec-4513-9fb7-e3d3deb7295e
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