FXstreet.com (Barcelona) - Euro daily rally from 1.2810 resumes in early U.S. is trying to break resistance at 1.30, as the negative influence of rumours about troubled Russian banks seems to be vanishing in U.S. session.
The Euro is trying to break resistance at 1.30 to set its focus at 1.3068, Feb 4 high, and 1.3091, Feb 9 high. On the downside, below 1.30, 1.2910 and 1.2871 are the next support levels.
In the medium term, the Euro Dollar has broken the upper line of the downward trend channel from 1.4720 on Dic 18. In the last 8 days the Euro has been trading on a range from 1.2695 to 1.3068.