FXstreet.com (Barcelona) - The bloc currency is now picking up pace vs. the greenback, climbing to the area of 1.2875/80 to test session highs.

“A confluence of fundamental and technical signals suggests that downside risks are mounting for EUR/USD once again. Modest strength in EUR/USD looks a sell from here while a clear drop below the 1.28 area should see the EUR slide picks up momentum”, suggested the analysts at TD Securities.

The pair is advancing 0.26% at 1.2877, and a break above 1.2890 (high May 17) would expose 1.2930 (high May 16) ahead of 1.2943 (high May 15).
On the flip side, support levels align at 1.2796 (low May 17) followed by 1.2740 (2013 low Apr.4) and finally the psychological mark at 1.2700.