FXstreet.com (Barcelona) - The Euro has risen around 100 pips from the 1.2727 support level to the 1.2830 in the American session. Currently, the pair is trading above the 1.2800 level, fighting to don't fall below there.
If the pair can be above the 1.2800 level and the uptrend is confirmed, the pair will launch a new attack to the 1.2850 resistance, as weekly maximum, above there, the EUR/USD should to break the 1.2890, before to go toward the 1.2990 as Feb 23 high.
On the downside, if the pair could go back to the 1.2727 and breaks it, the pair will try to break the 1.2665 before to go down to the 1.2600.
According to Valeria Bednarik, FXstreet.com Collaborator, The EUR/USD momentum is Bullish: Moving in an ascendant channel, volume remains high in the pair. Moving averages are bullish and so is momentum indicator. Failure attempt to break under 1.2800, suggest further upside continuation.