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EUR/USD falls below weekly support

FXstreet.com (Córdoba) - Following a couple of days of consolidation, the EUR/USD finally broke below the 1.2840/45 area, which had contained every bearish attempt this week, and stretched to fresh 6-week lows at the beginning of the American session.

EUR/USD triggered stops on the break and quickly fell to a low of 1.2818, last seen Apr 4. At time of writing, EUR/USD is trading around 1.2825/30, where it posts a 0.4% daily loss.

Immediate supports are now seen at 1.2800 (psychological level) and 1.2746 (2013 low). On the upside, the 1.2890 zone should offer resistance on bounces, followed by 1.2930 (high May 16).

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