FXstreet.com (Barcelona) - Dollar rally from 1.2727 seems to have capped at 1.2555. The Euro seems to be gathering strength and slight recovery has driven the Euro above 1.2600 so far, moments ahead of Wall Street opening.

EUR/USD has broken 1.2600 resistance line and advances toward 1.2660 (Mar 4 high.) Swinging above here, the Euro will be on the track towards intra-day high at 12727. Abiove here, nextrt resistance level could be art 1.2810 (feb 26 high).

On the downside, below 1.2600, next support level would be 1.2525/35, and then Mar 3 low at 1.2455. Below there, Nov 21 low at 1.2424.