FXstreet.com (Barcelona) - The Pound has reached past 1.4606 level on tits rally from 1.4137, and the pair seems on its way to attempt an assault to next resistance level at 1.4698.

If 1.4606 level holds, the Pound could try to break resistance at 1.4698, before next resistance area at 1.4720/30 and above here, 1.4765, downward trendline on the daily chart. On the downside, support lines remain at 1.4500, q.4450/60 and 1.4361.

EUR/GBP has been violently rejected by the 0.8900 level, and has dropped more than 120 pips so far trying to go through 19 Feb low at 0.8771, entering the lowest levels of the last two and a half weeks, on its way down to 0.8725, Feb & and Feb 8 low.

On the upside, The Euro could hold above 1.8770, and try to get beck to last week's levels past 0.8800 and 0.8830, before setting another attempt to break 0.8900.