FXstreet.com (Barcelona) - EUR/USD rally from yesterday's low at 1.2732 has capped at 1.2945 resistance line, and the pair has turned down towards 1.2865 support line.

On the downside, below 1.2865, next support level comes at 1.2822. and then, next support level remains at the area between 1.2730/45. In case of a new squeeze higher, the Euro should jump above 1.2940/55 (new intra-day high) to test Feb 23 high at 1.2992. Above here, Feb 10 high at 1.3075 would come into focus.