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EUR/USD hit fresh highs, approaches 1.2700

FXStreet (Córdoba) - Stocks recovered ground in Wall Street, weakening the US dollar. EUR/USD rose to 1.2697, reaching a fresh daily high. The pair pulled back then and it was trading around 1.2670/75, 65 pips above yesterday’s closing price.

The euro was having the best day in two weeks versus Greenback, holding an upside bias after ECB and Draghi’s press conference.

EUR/USD elves to consider

Price rose back toward the level it had at the beginning of the week but so far the recovery from 1.2570 has been capped below 1.2700. Above the mentioned level the next resistance might lie at 1.2715 followed by 1.2760.

To the downside, support might lie at 1.26500 (intraday level) and below here at 1.2610/15 (October 2 low).

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