FXstreet.com (Barcelona) - After several attempts to break resistance level at 1.2660, the Euro could not manage to remain above there, and the pair fell back fast towards support line at 1.2615.

At the moment the European currency is trying to recover and if the pair manages to hold above here, a new assault to 1.2660 resistance level could be likely. In case of successful move above here, the pair could attempt a rally towards 1.2700 first, and above here next support level could be 1.2750/60.

On the downside, failure to remain above 1.2615 would set the focus towards intra-week low at 1.2535, below here 1.2510 (Feb 18 low): Below here, the Euro would return to the lowest levels of the last three months aiming towards 1.2420 (Nov 21 low).