FXstreet.com (Barcelona) - EUR/USD has been trading within a low of 1.2860 and a high around 1.2920 in Asian session after having dropped from levels close to resistance at the 1.2990/1.30 area. The Euro found support at 1.2850 on its way down approaching the downward trending channel it had been trading since the 18th of December.

In a longer term view, the EUR/USD is moving within a range between weekly high at 1.3070 and low at 1.2810. The bias is on the downside, and intermediate levels are 1.2850, 1.2950 and 1.2990.