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EUR/USD breaks support, hits 3-day lows

FXStreet (Córdoba) - EUR/USD extended the slide to fresh lows at the beginning of the American session, as the risk-off mood continues to take its toll on the euro.

EUR/USD broke the 10-day SMA and fell a fresh post-FOMC low of 1.2620. Risk aversion is boosting the greenback and the yen Friday as global growth concerns linger. At time of writing, EUR/USD is trading at 1.2630, 0.47% below its opening price.

On the data front, US import price index dropped 0.9% YoY in September while export prices fell 0.2% in the same period.

EUR/USD levels to watch

As for technical level, EUR/USD could find immediate supports at 1.2600 (psychological level) and 1.2586 (Oct 7 low). On the flip side, next resistances are seen at 1.2790 (Oct 9 high), 1.2863 (Sept 24 high) and 1.2900 (psychological level/Sept 23 high).

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