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Forex: EUR/USD jumps to test the 1.3200 area

FXstreet.com (San Francisco) - The Euro has jumped around 70 pips in the latest two hours against the US Dollar from 1.3120 to break above the 1.3150 level and test the highest price since February 25 at 1.3195, close to the 1.3200 frontier.

Currently the pair is trading at 1.3193, 1.20% positive on the day. The pair is slightly bullish according to the FXstreet.com trend index. Indicators such as MACD, Momentum and CCI are bullish while the Stochastic is bearish in the 1-hour chart.

On the upside, the 1.3200 level stands as immediate resistance for the EUR/USD, followed by 1.3245 (Feb 22 high), while on the downside, supports could now be found at 1.3115 (former resistance), 1.3080 (100-hour SMA) and 1.3030 (intraday lows/200-hour SMA).

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