FXstreet.com (Barcelona) - EUR/USD has reversed after failing to hold above 1.2822 resistance level and, after the release of the SNB interest rate decision, the Euro has dropped about 80 pips, and advances towards support line at 1.2735.

Below 1.2735. next support line comes at 1.2660 Mar 9 high, and if the Euro fails to hold above here., it selling pressure could drive the pair towards 1.2615 (Mar 10 and 11 low.)

In case of recovery from current levels the Euro would return on its way to intra-day high at 1.2870, and swinging above here would open the doors to 1.2900 first and then 1.2940 before 1.3000 (Feb 23 high).