FXstreet.com (Barcelona) - The Euro seems to have decided to go north after a session of hesitation around 1.2515 resistance line. EUR/USD extends, thus, its recovery move from fresh 3 month low at 1.2455 reached during Asian trading session.

At the moment, the Euro advances towards 1.2550 resistance level, and, swinging above here, next resistance level would be 1.2600.

On the longer term, the Euro is moving below a downtrend resistance line off 1.2990 (Feb 23 high), and a successful move above 1.2600 would break tat trend and change the bias.

On the downside, the Euro will test four month low at 1.2455 if recovery above 1.2515 des not confirm. Below 1.2455, next support level would come at 1.2424 (Nov 20 low) and next would be long-term support level at 1.2330.