FXstreet.com (Barcelona) - The EUR/USD rose on the recent improvement in risk appetite. The pair has made a double bottom, in the 1.24-1.25 area, indicating further gains.

Furthermore, the pair has broken the resistance from the recent downtrend supported by the stock-market rally, said Hans Nilsson, analyst at CMS Forex.

The next important resistance is in the 1.30-area. If this is broken, the EUR/USD may test resistance in the 1.35-area.