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EUR/USD followed the pound weakness – below 1.28

FXStreet (Moscow) - EUR/USD made an attempt to break below 1.28 posting European low at 1.2780. Currently, it is trading a few pips higher.

The recent comments from the BOE’s Andrew Haldane pressured the pound, and brought some weakness to EUR/USD as well. However, despite the current slide below 1.28, and the Spanish bond auction woes, and fears about the euro zone economic outlook, the single currency still may go even higher, if risk appetite we noticed during American session, translates onto Friday trades. The pair rebounded in early October from 2-year low at 1.2500, and is still on the way higher with possible target to the upside at 1.2868 resistance.

What are today’s key EUR/USD levels?

Today's central pivot point can be found at 1.2787, with support below at 1.2728, 1.2647 and 1.2588, with resistance above at 1.2868, 1.2927 and 1.3008. Hourly Moving Averages are mixed, with the 200SMA bullish at 1.2700 and the daily 20EMA flat at 1.2757. Hourly RSI is bullish at 55.

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