The European currency recouped some of its Asian session losses against the US dollar in early deals on Monday.
The euro snapped back above the 1.28 level against the dollar, rising as high as 1.2828 around 6:10 am ET from Asian session's 4-day low of 1.2773.
If the euro-buck pair extends gains, 1.2850 is seen as the next likely resistance level in the near-term.
For comments and feedback: editorial@rttnews.com