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EUR threatening the downside through 1.29 handle

FXStreet (Guatemala) - EUR/USD is trading at 1.2879, down -0.62% on the day, having posted a daily high at 1.2982 and low at 1.2875.

EUR/USD is making new lows while the market and traders digest the commentary from Yellen in her press conference and consider the overall result from the FOMC as bullish and hawkish in respect of the timing of increases in interest rates. The greenback is supported on such viewpoints and bears are threatening the territory marked earlier in the month.

EUR/USD useful technical levels

Spot is presently trading at 1.2879, and next resistance can be seen at 1.2885 (Daily Classic S2), 1.2889 (Weekly Classic S1), 1.2895 1.2895 and 1.2895. Next support to the downside can be found at 1.2875 (Daily Low), 1.2849 (Daily Classic S3), 1.2813 (Weekly Classic S2), 1.2768 (Weekly Classic S3) and 1.2060.

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