FXstreet.com (Barcelona) - The Euro recovers and reaches levels around 1.3375 resistance, although the pair is moving with high volatility, after its 100 pips spike down produced by Trichet's announcement of the ECB Plan to buy Covered Bonds.

Resistance levels remain at 1.3375 (May 6 high), and above there, 1.3435 (May 5 high) and 1.3460. On the downside, support levels lie at 1.3345 previous intra-day high, and below there, 1.3290 and 1.3250.

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