The EUR/USD draws another leg higher in the European morning, reaching so far an intraday high of 1.2984 and standing nearby with a nice upward momentum according to the 4 hours chart. Still negative in the week, immediate resistance comes at 1.2990 static level and past Tuesday high. A break above this last will open doors for a quick spike towards the 1.3030 area, where the pair has a daily descendant trend line coming from 1.3172 September high. If price manages to overtake the trend line, would be expecting further buying interest with a probable target then at 1.3070 this week high.
Short term support comes at 1.2950, followed then by 1.2910. Deeps towards this levels will likely be seen as buying opportunities rather than signals of a bearish come back.
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