FXstreet.com (Barcelona) - The Euro went through a sharp reversal on Monday, and after failure to break above 14-month high at 1.5060, the pair plunged about 200 pips lower, to bottom at 1.4850, which has offered support to the pair to return above 1.4900 and trade, at the moment of writing at 1.4925.

Initial resistance area could be at 1.4945 (Oct 22 low) and above here, 1.4975 and 1.5010. On the downside, support levels lie at 1.4875/80 (Oct 20 low), and below here, 1.4845 (session low) and 1.4825 (Oct 19 low).

EUR/GBP gave away on Monday most of the ground taken no Friday, as the pair reversed at 0.9240 high to 0.9095 low and has remained consolidating during Asian session, from 0.9095 to 0.9140 on the upside. Resistance levels lie at 0.9120/35 and 0.9160. Support levels are 0.9095 and 0.9075.

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