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EUR/USD ready to close the week around 1.2600

FXStreet (San Francisco) - The EUR/USD's shy bounce from 1.2605 was capped at 1.2640 where the pair found selling interest that sent the pair back to lows since October 7 close to 1.2600.

Currently, EUR/USD is trading at 1.2609, down 0.64% on the day, having posted a daily high at 1.2717 and low at 1.2606. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.

EUR/USD sentiment

According to the FXStreet Forecast Poll, EUR/USD sentiment still favors greenback as the pair is still seen on the losing side, down to sub 1.2500 levels in a 1 month view.

In the short term, a break below 1.2600 will expose 1.2580 and 1.2550 supports. To the upside resistances are at 1.2650, 1.2670 and 1.2700 area.

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