FXstreet.com (Barcelona) - The Euro has opened some corrective reaction to Tuesday's rally; after hitting 1.2828, the Euro has corrected downwards falling below 1.2800. The move should find support above 1.2750 in order to return to levels above 1.2800.

According to the Swiss E Trade strategy team, the Euro upmove should resume after a short-term correction: The pair is on a recovery path in European morning trading and is currently at 1.2790. We see some setback setting in soon today but not below the 1.2740 mark, from where another upmove, this time against resistance at 1.2860, is in the cards.