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EUR/USD capped below 1.2950 ahead of US holiday session

FXstreet.com (Barcelona) - EUR/USD have turned lower for the session being last at 1.2922 near session lows, after a weekly start into the positive, printing session highs at 1.2946 in very early interbank market. The pair is down -2.07% year to date, and -1.49% in last 6 months.

According to Valeria Bednarik, Chief Analyst at Fxstreet.com: “The EUR/USD hourly chart shows price steady around a flat 20 SMA, while indicators hover around their midline,” the analyst says, adding: “However, a slightly positive tone persists with price finding buyers on dips towards 1.2900 area. In the 4hours chart, the outlook is quite similar from the technical point of view, although selling interest is still firm in the 1.3000 area,” she concludes.

Valeria sees support levels at: 1.2920, 1.2885 and 1.2840, while resistance levels at: 1.2950, 1.3000 and 1.3040.

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