FXstreet.com (Barcelona) - EUR/USD bounced up, after having double-bottomed at 1.2730 in U.S. session, has boosted all the way to a peak of 1.2945, to withdraw slightly towards 1.2870 ahead of the European opening tome.

On its withdraw from 2 week high at 1.2945, the Euro is , at the moment of writing, testing support line at 1.2872, if that level gives, the Euro could find support at 1.2845 and 1.2822. below here, next support level remain at the area between 1.2730/45.

On the upside, rebound from current levels would lead to a re-test of 2 week high at 1.2945, and once above ere, next resistance level comes at Feb 23 high at 1.2992. Above here, the Euro would be at the highest levels in a month and could well rise up to the 1.3060/80 area.