Euro retreat from 0.8670 high on Late January found support yesterday at a fresh 3-week low 0.8390, and the pair's recovery has extended sharply on Mondays European session, reaching 0.8480, Friday's high, which is being tested at the moment. On the upside, above 0.8480 (Feb 4 high), the pair might find resistance at 0.8510 (Feb 1/2 lows) and 0.8540 (intra-day resistance). On the downside, support levels are 0.8420/30 day lows), and below here, 0.8385 (Feb 7 low) and 0.8330 (Jan 17 low). On a wider perspective, the pair has broken above the resistance line of the downside trend channel from January 28 high, currently at 0.8450/60 area.