FXstreet.com (Barcelona) - The Euro has reversed gains achieved on Monday by dropping almost 200 pips from 1.3140 month high reached yesterday, to 1.3250 support level, where the Euro is trying to set a bottom.

On its attempt to pick up, the Euro could find resistance at 1.3285 (May 5 low) and once above there, 1.3345 and 1.3385. On the downside, immediate support level lies at 1.3250 and below there, 1.3210 (May 4 low) and 1.3200.

EUR/JPY rally from 124.35 low has come to an and at 13290, and the Euro has lost positions against the Yen, dropping to levels at 129.85, Asian session low. Support levels lie at 129.75 and 128.90. Resistance levels are 130.52 and 131.32.

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