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EUR/USD gets a rejection at 1.2900

FXStreet (San Francisco) - The Euro's advance from 1.2840 versus the US Dollar was capped at the 200-hour MA level at 1.2900 where the pair found selling interest and it was launched back to price at 1.2875.

Currently, EUR/USD is trading at 1.2883, up 0.26% on the day, having posted a daily high at 1.2902 and low at 1.2843. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.

EUR/USD sentiment

"EUR/USD is back under pressure and the greenback is showing some broad signs of life after a bout of profit-taking earlier in the day," Jamie Coleman from FXBeat says. " Small bids are seen in EUR/USD in the 1.2960 area, we hear."

If the pair holds above 1.2875, it will face next supports at 1.2865 and 1.2840. On the upside, resistances are at 1.2900, 1.2930 and 1.2980.

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