Forex | Forex | Forex: EUR/USD: Euro picks up further; past 1.4100 testing 1.4135 (31/07/2009 06:43:00)

Forex: EUR/USD: Euro picks up further; past 1.4100 testing 1.4135

FXstreet.com (Barcelona) - Euro has advanced further after bouncing at 1.4005 and the pair has risen past 1.4100 during Asian session to test resistance area around 1.4135 ahead of the European session opening.

If the Euro breaks 1.4135 (Jul 28 low) the pair could find resistance at 1.4160 and then 1.4195 (Jul 29 high). On the downside, support levels lie at 1.4095/1.4100 (Jul 30 high), and below there, 1.4055 and 1.4005.

EUR/GBP bounce at 0.8505 low on Thursday extended to 0.8550 resistance area to drop afterwards reaching levels around 0.8525 at the time of writing. Support levels lie at 0.8520 and 0.8500. On the upside, resistance levels lie at 0.8550 and 0.8570.
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