FXstreet.com (Barcelona) - The Euro seems to be advancing in a firm pace during the European session and rebound from 1.2980 support level in late Asian session has extended during the European trading times to levels above 1.3050 resistance area, at the moment EUR/USD trades around 1.3054.

If the Euro manages to remain above 1.3050 level, next resistance might come at 1.3090 (Apr 10 low) and above here, 13125/45 (Apr 16 and 15 lows).

On the downside, a downward reversal below 1.3035 could find support at 1.2980 and if that level gives way, next resistances could lie at 1.2950, below there, 1.2920.

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