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EUR/USD makes another attempt at daily highs

FXStreet (Córdoba) - EUR/USD bounced off session lows once again and rose to retest the 1.2660 resistance area that has limited every upside attempt Tuesday.

Euro was weighed by a very disappointing German industrial production reading and fell temporarily below the 1.2600 mark before the slide was contained by the 1.2580 area. However, EUR/USD has unsuccessfully tried to clear the 1.2660/75 zone, and was confined to choppy consolidation over the last hours. At time of writing, EUR/USD is trading at 1.2650, only a few pips below its opening price.

EUR/USD technical levels


In terms of technical levels, should EUR/USD break decisively above 1.2660, immediate resistances are seen at 1.2673 (Oct 6 high) and 1.2700 (psychological level). On the other hand, supports could be found at 1.2583 (Oct 7 low), 1.2508 (Oct 6 low) and 1.2500 (2-year low Oct 3).

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