FXstreet.com (Barcelona) - The Euro is has tested support level at 1.2800 in European session but the level has remained intact and the pair has bounced back up towards 1.2870 resistance area. The Euro continues moving sideways between the aforementioned levels, after rebound from 1.2720 on Tuesday's U.S. session.

On the longer term the Euro continues moving on a upward trending line since bouncing up from 1.2662 on Feb 24. Support levels, apart from 1.2800 are located at1.2760, if this support level gives the pair could enter into week-low area 1.2700 to 1.2662 and swift bias into bearish.

On the upside, the Euro could attempt to break 1.2870, and above here 1.3000 and 1.3060 (Feb 8,9 and 10 high.)