FXstreet.com (San Francisco) - After rising around 70 pips in the last hour from 1.3025, the EUR/USD has broken above the 1.3070/75 resistance area with the pair reaching fresh highest since Mach 15 around 1.3095.

With 0.60% gains on the day, the EUR/USD is slightly bullish according to the FXstreet.com's trend index. Indicators such as MACD, CCI and Momentum are pointing bullish while the Stochastic is neutral in the 1-hour chart.

Having set a higher high today, the EUR/USD maintains a bullish tone, according to Valeria Bednarik, chief analyst at FXstreet.com. "The upside remains open towards key 1.3310 area, 38.2% retracement of the latest daily fall", the analyst commented.