FXstreet.com (Barcelona) - The EUR/USD has been rejected by the 1.2630 support level after falls near to 120 pips from the 1.2750 resistance. Currently the pair is fighting to be above the 1.2660 level again.

Along the European and American sessions, the EUR/USD has been trading between the 1.2730 and 1.2650 channel, but the 1.2660 looks like an important level to find a par direction.

Currently, the pair is trading around the 1.2650/70 band, if the pair hold above the 1.2660 level successfully, the EUR/USD will go up to break the 1.2685 before to launch a new assault to the 1.2750. After that, 1.2800 looks like another important level.

On the downside, if the bearish momentum is the winner and the pair falls below the 1.2660, the EUR/USD will look support at 1.2630 and 1.2560 before to try to break the 1.2500 important level.