FX : EUR/USD: Euro declines to test 1.4275 support
FXstreet.com (Barcelona) - EUR/USD has slid further away from Friday's high at 1.4375, The Euro has tested 1.4275 support again to bounce up, although upside moves have been always capped at 1.4305. The pair trades at 1.4280 ahead of the European session opening.
Initial support level comes at 1.4275 (Aug 24 low) and below here, 1.4230/40, and 1.4200 (Aug 20 low). On the upside, initial resistance lies at session high 1.4305, and above here, 1.4360 (Aug 24 high) and 1.4375 (Aug 21 high).
EUR/GBP rally from Aug 18 low at 0.8523 has extended on Monday to 0.8725 10-week high, and the Pair eased during Asian session to 0.8705 low to return to levels below 0.8725 ahead of the European session opening.
