FXstreet.com (Barcelona) - The Euro broke above 1.4715, Dec 2008 high on early Asian session to pullback later to levels around 1.4700 and the Euro has risen again, moments ahead of the European session opening, reaching a fresh 11-month high at 1.4745,, with September 08 high at 1.4770 on sight.

Initial resistance level comes at the mentioned 1.4770 (25 Sept 08 high), and above here, next resistances are 1.4800 (psychological level) and 1.4825 (23 Sept 08 high). On the downside, support levels lie at 1.4700 (intra-day low), and below there, 1.4640 (Sept 16 low) and 1.4625.

EUR/GBP bounced at 0.8880 low on Wednesday to take back all the ground lost on yesterday's European session, and the pair has been capped at 0.8935 area. On a longer perspective, the Euro remains on the upside since rebound on 0.8723 low on Sept 11. Resistance levels are 0.8935 and 0.8980. On the downside, support levels are 0.8885 and 0.8840.