FXstreet.com (Barcelona) - The EUR/USD has increased about 80 pips in the U.S, session time frame and has launched an attack to the 1.2820 resistance level.

On the upside breaking the aforementioned level could take the EUR/USD back to 1.2850, while, on the downside 1.2742 and 1.2700 are the next support levels to look at.

Break of those latter levels could, according to the Mataf.com Technical Team, open the doors for a 500 pips drop: 1,2779. EUR USD is in a range between 1,2730 and 1,2940. The volatility is high. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should continue to move in 1,2730 / 1,2830 range. If the support breaks then the target will be 1,2300 (479 pips).