FXstreet.com (Barcelona) - The Euro continues trading in a range from 1.2935 to 1.3075, right below what seems an important resistance area at 1.3075/90 (Feb 9 and 10 high), although volatility is very long, with the FOMC interest rate decision ahead.
Above 1.3075/90, the Euro would be at six weeks high, heading towards 1.3180 (Jan 29 high) and 1.3330 (Jan 27 and 28 high).
According to Tomas Cedavicius, technical analyst at Forex-Trends.com, if the Euro breaks through resistance levels 1.3300 could be reached: EURUSD continues positive trend and if it will manage to go above the resistance line 1.3045 we are going up to 1.3300 and possible more. Downside is limited by the support line 1.2854 and just below that line bears will feel more confidence. For buying remains better option.
On the downside, minor support at 1.3020, and yesterday's low at 1.2930 are the closest levels to observe; below here 1.2865/70, and then 1.2820/35, once below here, the upside bias will shift to bearish.