FXstreet.com (Barcelona) - The Euro has broken the 1.2727 strong resistance finally and it is rising a fast pace toward the 1.2800 level.

Last hour, the EUR/USD has risen around 100 pips from the 1.2680 to the 1.2781, breaking the 1.2727 resistance and reaching a new high since Feb 26.

If the pair confirms the up movement, it could go up to the 1.2800 level and 1.2811, as Feb 26 high, before to launch an attack to the 1.2865 uptrend line. The Euro continues moving in a bullish configuration, and after bouncing at 1.2580, the pair is moving above the 10 days EMA. On a longer point of view; Upside channel from Mar 3 low at 1.2455 continues intact as long as the pair remains above 1.2580.