FXstreet.com (Barcelona) - The Euro has posted a 60 pips rebound after having hit intra day low at 1.2985, and the pair has returned above 1.3000 on the way to resistance level at 1.3075.

The Euro is forming a triangle pattern with 1.3075 as the resistance line and the upward trending support line from 1.2617 on the lower side. A potential breakout could drive the Euro to 1.3180 (Jan 29 high) and then 1.3330 (Jan 27 and 28 high) on the upside.

On the downside, below intra-day low at 1.2985, next support comes at 1.2930 ; below here 1.2865/70, and then 1.2820/35 would come into focus.