FXstreet.com (Barcelona) - The Euro has broken its intra-day top at 1.2770 at early European session to reach levels close to 1.2900, the pair looks bullish in the hourly chart, and a move above 1.2900 should not be discarded, in case 1.2770 holds as support level.

Above 1.2870, the pair should break 1.2900 to get on its way towards 1.2950, and once above there, the path will be clear for a break of 1.30 resistance level (Feb 11 and Feb 23 high.)

On the downside, rejection of 1.2870 would set the focus towards 1.2800, and below there, the next support levels stand at 1.2760 (Feb 19 high) and 1.2665 (Feb 23 low.)