FXstreet.com (Barcelona) - The Euro continues rallying against the Dollar and 1.2810 resistance level has given way, the Euro has already gained 150 points after hitting intra-week low at1.2662 on Tuesday's Asian session, at this point some slight setback seems likely.

The Euro has broken resistance level at 1.2810 and the pair advances towards 1.2850. Above here, 1.2880 (Feb 20 high), and above here, the Euro would enter the appropriate area to attempt another assault to 1.30.

Nevertheless, the Swiss e Trade Strategy Team observes the possibility of a moderate setback before moving up further: 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.