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EUR/USD bounces from 1-week low

FXStreet (Córdoba) - EUR/USD is staging a mild recovery from daily lows ahead of the Wall Street opening bell, having regained the 1.2700 level and erased intraday losses.

EUR/USD extended its decline during the European session and printed a 1-week low of 1.2680 amid worries about the results of Eurozone bank stress tests. However, the shared currency found support and spiked to the 1.2725 zone as investors gear up for US September CPI figures. At time of writing, EUR/USD is trading at 1.2705, just a few pips below its opening price.

EUR/USD technical levels

As for technical levels, immediate supports are seen at 1.2680 (intraday low), 1.2623 (Oct 15 low) and 1.2600 (psychological level). On the flip side, resistances could be found at 1.2739 (intraday high), 1.2800 (psychological level), 1.2839 (intraday high), and 1.2882 (Oct 15 high).

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