FXstreet.com (Barcelona) - EUR/USD has been favoured from risk appetite and has reached resistance level at 1.3585 level after having bounced at 1.3495 on late U.S session.

On the upside, if the Euro breaks 1.3582. Next resistance level stands at 1.3640/50 (Mar 25 and 26 high) and above there, 1.3675 (Mar 24 high), then 1.3740, which has been refused three times. On the downside, in case of a downward reaction, support levels stand at 1.3535, and below here 1.3495 (Mar 26 low). Below here 1.3440 and 1.3415.

From a longer point of view, the Euro starts its five day trading rangebound. The EUR/USD has entered in a range from 1.3440 to 1.3740 after having moved up from 1.2450 low reached on March 3.

EUR/GBP has posted a 120 pip rally from yesterday's low at 0.9275 to reach its peak past 0.9400 at late Asian session, then the Euro has eased and trades around 0.9375 ahead of European opening times.