Forex: EUR/USD: Euro fails to rise above 1.3035, remains in range

FXstreet.com (Barcelona) - EUR/USD attempt to recovery was not strong enough, and the Euro has turned downwards after testing 1.3035 resistance level. After yesterday's 150 pip decline, the Euro continues consolidating in the area between 12985 and 1.3035.
Support levels stand at 12985, and below here next support levels could lie 1.2950/45 and 1.2920. On the upside, next resistance level lies at the 1.3035/50 area, and once above here, the Euro might find resistance at 1.3085 and 1.3160.
EUR/GBP has found resistance at the 0.8980 area (24 April low) on its recovery move from 0.8880 low yesterday. At the moment, the Euro trades 0.55% above its opening price on its way to test 0.8980 again. Above here, the Euro might find resistance at 0.9020 and 0.9080. On the downside, support levels lie at 0.8890 and 0.8845.
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