FXstreet.com (Barcelona) - Euro rally after ECB's rate decision has extended above 1.3440 resistance level on the back of Trichet's talk; The Euro has gained about 200 pips from 1.3240 low levels on early European session.

At the moment the Euro trades around 1.3470 with 1.3495 (Mar 26 low) ahead; above here, the Euro could test 1.3550 (Mar 26 low). On the downside, support levels stand at 1.3440 and 1.3415, below here, 1.3365 and 1.3340 (Mar 31 high).

EUR/JPY has bounced up at 130.10 breaking through 131.90 (Apr 1 high) reaching levels right below 133.95 (Mar 26 and 27 high).