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Forex: EUR/USD in lows around 1.2880

FXstreet.com (Barcelona) - The selling interest in the single currency is now dragging the cross to the area of 1.2880 and printing fresh multi-week lows at the same time as the greenback continues its march north.

“Euro weakness against the US dollar is proving more gradual although could accelerate in the near-term if key support is broken at around the 1.2800-level”, suggested Lee Hardman, Currency Analyst at BTMU.

As of writing, the pair is down 0.32% at 1.2878 with the next support at 1.2864 (76.4% of 1.2747-1.3243) followed by 1.2747 (low Apr.4) and then 1.2679 (61.8% of 1.2042-1.3711).
On the flip side, a surpass of 1.2943 (high May 15) would allow 1.3030 (high May 14) and finally 1.3048 (MA21d).

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