FX : Euro plunges to 1.4550 as E.U. officials debate Euro strength
FXstreet.com (Barcelona) - Euro retreat from 1.4670 Asian session high has extended with the pair falling from above 1.4600 all the way to 1.4550 as E.U officials debate Euro strength ahead of the G-7 meeting over the weekend.
At the moment, the Euro trades right above 1.4550/60, with next resistance levels at 1.4515 (Sept 14 low) and 1.4500 (Sept 10 low). On the upside, resistance levels lie at 1.4620, and above here, 1.4675/80 (Sept 30 high/intra-day highs), and 1.4720/25 (Sept 25/28 high).
EUR/GBP recovery from 0.9077 low on Wednesday has been capped at 0.9175, and the pair dropped on the back of E.U. official´s comments reaching 0.9119 so far. Below 0.9035 area, next support levels are 0.9080 and 0.9005. Resistance levels lie at levels are 0.9180 and 0.9210.
