FXstreet.com (Barcelona) - Both the Euro and the Pound have rallied against the Dollar in early European session, according to Timothy Straiton technical analyst at Stoploss.ch: The current move is more a case of Euro strength than US$ weakness as the Euro has posted impressive overnight gains against most majors. Resistance and support levels, according to Straiton, stand as follows: 1.4617, trading above the daily pivot point level of 1.4568 and also above first resistance at 1.4603. Second resistance is nearby at 1.4635 which also marks the daily Ichimoku cloud base (…)Further retracement levels to keep in mind based on the 1.4311 - 1.4966 range are the 50 percent at 1.4640 and then the 38.2 percent at 1.4715.