FXstreet.com (Barcelona) - The Euro has posted a sharp recovery during Tuesday's Asian Trading session. After having hit 1.2578, the Euro has taken back all the ground lost on Monday rallying almost 150 pips and crawling on its way towards 1.2727 intra-week high.
The European currency is trading on a bullish trending support line, from Mar 3 low at 1.2455. At the moment the Euro has suffered an slight setback on its first attempt to take 1.2727, but the three-hour chart confirms the bullish trend.
Above 1.2727 (Mar 9 high) next resistance comes at 1.2755 (Mar 6 high), and then 1.2800 (Feb 26 high). On the downside, a reversal could send the pair back to 1.2625 first and below here 1.2575, and then 1.2555 (Mar 9 low).