Euro recovery form Monday's low at 1.3505 was capped at 1.3665 high by weaker than expected German Industrial production figures, and the pair eased to 1.3630, to regain the upside, once the effect of the data vanished, returning to 1.3665, with Friday's high, at 1.3680, on sight. If the pair manages to extend beyond 1.3680 (Feb 4 high), next resistance levels lie at 1.3715 (Daily Pivot Point R2) and 1.3765 (Feb 2 low). On the downside, immediate support lies at 1.3575/90 (day lows), and below here, 1.3540 (Feb 4 low) and 1.3505 (Feb 7 low). Overall, the Euro is biased to the upside while above 1.3479 support, says Howard Friend, technical analyst at MIG Bank: "While a period or corrective downside activity may unwind the advance from early January, the overall tone still remains positive while support holds at 1.3479 (38.2% Fib retrace)."