FXstreet.com (Barcelona) - The Euro has broken through 1.2760 ahead of U.S. session but its rally was capped at 1.2810 and dropped strongly towards support at 1.2760 on the back of dreadful U.S. Jobless claims and durable goods data.

At the moment volatility is high and the pair is testing 1.2670, if this level gives, the Euro could drop towards intra-day low at 1.2690, and below there next support line remains at 1.2660 (Feb 24 low)

On the upside, if support level at 1.2670 remains intact, the Euro could attempt to break next resistance level at 1.2815, and once above there, the area between 1.2880/1.2900 (Feb 24 and 25 high)