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Forex: EUR/USD threatens daily highs

FXstreet.com (Córdoba) - After being rejected from the 1.3070 zone and following a short-lived correction, the EUR/USD resumed the upside and reached fresh session highs as the US currency gives ground on positive market mood.

EUR/USD bounced from a low of 1.3005 and climbed back to the upper-side of today's range, printing a session high of 1.3065 in recent dealings. At time of writing, EUR/USD is trading around 1.3060, up 0.4% on the day and not far from its 3-week high of 1.3068 scored earlier.

If the EUR/USD breaks above 1.3068 (intraday high), it could extend gains to the 1.3100/1.3107 area (high Mar 15/psychological level). On the downside, support levels are seen at 1.3005 (intraday low), 1.2968 (Apr 8 low) and 1.2950 (high Apr 4).

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