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EUR/USD peddling up hill with intent

FXStreet (Guatemala) - EUR/USD is trading at 1.2751, up 0.01% on the day, having posted a daily high at 1.2754 and low at 1.2749.

EUR/USD has made an attempt for higher ground on the 1.27 handle overnight, yet lacks conviction but shows some intent while Valeria Bednarik, chief analyst at FXStreet was explaining that the hourly chart shows price around a bearish 20 SMA and indicators heading higher still well below their midlines. “In the 4 hours chart momentum continues heading lower in oversold levels, with RSI recovering some but currently around 30. Risk on the pair remains to the downside, with a break below 1.2700, exposing the 1.25 price zone for the upcoming sessions”.

EUR/USD levels

Support levels: 1.2700 1.2660 1.2625

Resistance levels: 1.2775 1.2820 1.2850

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