FXstreet.com (Barcelona) - The Euro's recovery from fresh 3 month low at 1.2455 reached during Asian trading session does not seem strong enough and consolidation above 1.2510 resistance level has not confirmed yet.

EUR /USD is moving rather nervously both sides off 1.2515 resistance line, and attempts to reach 1.2550 level have not been sustained so far. The Pair is moving in a bearish trending channel off Feb 23 high at 1.2992. Only a move above 1.2600 could change the bearish bias.

On the downside, the Euro will test four month low at 1.2455 if recovery above 1.2515 does 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.