FXstreet.com (Barcelona) - On a low volatility session the Euro seems to be recovering slightly after its 120 pips drop from 1.2750 at the European session opening time. The Euro trades slightly above 1.2662.

EUR/USD has set a fresh intra-week low at 1.2629 but it has recovered partially afterwards and at the moment the Euro seems to be holding above 1.2662 on its way to 1.2700. Swinging above there would set focus to 1.750 and above there 1.2800/10 (Feb 26 high).

On the other hand, a sustained move below 1.2662 could drive to a test to intra-week low at 1.2629, and if that level gives Feb 20 low at 1.2565 would come into play, before, 1.2515 (Feb 18 low).