EUR/USD stages mild recovery

FXStreet (Córdoba) - EUR/USD pushed higher during the New York session, and almost completely erased intraday losses at one stage as the greenback recedes across the board.

EUR/USD rose more than half a cent within the last minutes with no clear catalyst for the move as stocks slump in Wall Street. At time of writing, EUR/USD is trading at 1.2747, 0.25% below its opening price, after touching a session peak of 1.2764 in recent dealings.

EUR/USD levels to watch

In terms of technical levels, immediate resistances for EUR/USD are seen at 1.2764 (intraday level), 1.2780 (Sept 25 high) and 1.2800 (psychological level). On the other hand, supports are seen at 1.2696 (Sept 25 low) and 1.2660 (November 13 2012).