The US dollar caught fresh bids around 1.2650 and headed towards 1.2700 last week. Buyers regained this level and moved towards 1.2800 after that. They reached this hurdle in the mid-European sessionб but failed to overcome it and retreated after that. The resistance stands at 1.2800, the support is at 1.2700.
The US currency may pull back to 1.2700 amid profit-taking. Anyway, the main trend is up right and we are waiting for a continuation of a rally with a further target at 1.2800