FXstreet.com (Barcelona) - The Euro is hovering some pips below the upper line of the flat trading channel it has been into for the last hours, near session high at 1.2760, the Euro attempts to break higher although the pair seems fairly neutral.

If the EUR/USD consolidates above 1.2760, it could rally further towards next resistance level at 1.2815 area, and above there, the odds for reaching three-days high above 1.2900 would increase.

On the downside, failure to break 1.2760, could bring about some selling towards session lows at 1.2690, and beyond there, 1.2660 (Feb 24 low.)