FXstreet.com (Barcelona) - The Euro rose further on Wednesday and from session low at 1.4880 reached a fresh 14-month high at 1.5045, although the pair has retreated during Asian trade, returning below 1.5000 to levels around 1.4970 at the moment of writing.

Initial support level, at the moment lies at 1.4950/65, and below here, 1.4900/05 and 1.4880 (Oct 20 low). On the upside, resistance levels lie at 1.4990/00 (Oct 20 high), and above here, 1.5035/45 (Oct 21 high), and 1.5085 (Aug 11 08 high).

EUR/GBP decline from Oct 13 high at 0.9410 extended lower on Wednesday dipping below 0.9070 low to reach a fresh one-month low at 0.8995. At the moment, the Euro remains above 0.9000 key suppport and below here, next support level would be at 0.8980. Resistance levels lie at 0.9050 and 0.9075.

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