FXstreet.com (Barcelona) - Euro sell-off from 133.70 area on mid-January has been contained, so far, at fresh 9-month low 126.55, but following recovery has been halted at 128.20 session high, and the Euro has remained bouncing between 127.50 and 128.00/20 during European session.

Euro downtrend remains intact, with the pair trading near intra-day resistance at 127.50/55, and, in case of dipping below here, with next support levels at 126.55 (Jan 21 low) and 126.10 (Apr 21 low).

On the upside, initial resistance lies at 128.00/20 session high), and above here, 128.40/50 (Jan 20/intra-day low) and 129.35/50 (Jan 21 high).