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EUR/USD retreats and drops to 1.2880

FXStreet (Córdoba) - The euro dropped further against the US dollar and hit a fresh low at 1.2882. EUR/USD rebounded afterwards and it was trading around 1.2900, almost 40 pips below the price it closed yesterday.

With today’s decline the pair is erasing Tuesday’s gains and is back under pressure. The euro and the Swiss franc are the worst performers across the board so far during the American session.

EUR/USD technical levels

Recent slide found support around 1.2880, below here the next might lie between 1.2865 and 1.2858 (September 9 lows). To the upside, immediate resistance could be located at 1.2930/35 (American session high) and 1.2960/65 (September 10 high).

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