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EUR/USD moves toward 1.2600

FXStreet (Córdoba) - EUR/USD scored fresh daily lows during the New York session after a short-lived recovery attempt was capped by the former support area at 1.2650.

EUR/USD has come under renewed pressure Friday as the dollar benefited from the risk-off environment, dragging the price as low as 1.2611 so far. At time of writing, EUR/USD is trading at 1.2615 area, recording a 0.57% loss on the day but still on track to post its first weekly gain after 12 weeks of falling.

EUR/USD holds a negative perspective

According to Valeria Bednarik, chief analyst at FXStreet, short-term charts hold a negative tone, supporting further declines ahead.

Bednarik locates immediate supports at 1.2590 and 1.2550, while she places resistances at 1.2660, 1.2700 and 1.2745.

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