FXstreet.com (Barcelona) - Recovery from 1.3170 low reached on Early European session reaches already 100 pips above, past previous intra-day high at 1.3265, on its way towards 1.3300 resistance.

A squeeze past 1.3300 would put the Euro on its way to attempt another assault to Mar 31 high at 1.3345. On the downside, below 1.3265, 13225 would come into play, once below there, 1.3175 and then Mar 30 low at 1.3115.

According to Mohammed Isah technical analyst at FXTechstrategy, 1.3330 is a key level to an upside rally: -Although a one-day recovery saw EUR strengthening off the 1.3113 level, its Mar 30'09 low to close higher at 1.3281 on Tuesday, a build up on that upside with an eventual break and hold above the 1.3330 level, its Jan 27'09 high/range top is required to relieve its present nearer term pressure activated at the 1.3738 level.