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EUR/USD falters ahead of 1.2700

FXStreet (Córdoba) - EUR/USD climbed to fresh weekly highs during the New York session, although it lost momentum before reaching the 1.2700 level.

EUR/USD bounced off daily lows at the 1.2620 zone, and managed to rise over half a cent throughout the day to hit its highest level in six days at 1.2690. Dollar trades overall flat across the board as investors await the minutes of the latest FOMC meeting in the search for clues about the Fed next steps.

EUR/USD technical levels

At time of writing, EUR/USD is trading at 1.2675, recording a 0.05% gain on the day. In terms of technical levels, next resistances are seen at 1.2700 (psychological level), 1.2715 (Sept 29 high) and 1.2760 (Sept 26 high). On the other hand, supports could be found at 1.2622 (daily low), 1.2600 (psychological level) and 1.2583 (Oct 7 low).

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