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EUR/USD eases to 1.2660

FXStreet (Edinburgh) - After posting fresh tops above 1.2680, EUR/USD is now deflating to the 1.2665/60 band, although the upbeat sentiment seems not to be hampered.

EUR/USD prolongs the bounce off 1.2620

The intraday correction lower found buying interest in the 1.2620 neighbourhood, sparking the current rebound to fresh weekly tops beyond 1.2680 albeit lacking conviction to follow trough. Ahead in the day, the FOMC minutes will take centre stage, with consensus pretty divided regarding the tone of the members.

EUR/USD levels to watch

As of writing the pair is losing 0.05% at 1.2662 facing the next support at 1.2583 (low Oct.7) ahead of 1.2504 (low Oct.6) and then 1.2501 (2014 low Oct.3). On the upside, a breakout of 1.2699 (high Oct.2) would aim for 1.2715 (high Sep.29) and then 1.2761 (high Sep.26).

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Gold prices failed to sustain at days’ high of USD 1220.6/Oz as prices faced stiff resistance around USD 1220/Oz levels on hourly chart.
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