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EUR/USD levels stacked up on a key week

FXStreet (Barcelona) - EUR/USD is trading at 1.2708, up 0.08% on the day, having posted a daily high at 1.2710 and low at 1.2696.

EUR/USD has settled in for the 1.27 handle for now on a slow pace, while traders may not wish to push the barriers too far ahead of what should be a busy week. The 1.28 handle offers key resistance to the top-side with the Bollinger bands closing in while 1.2500 would act as the equivalent of importance to the downside within the range. 1.2744 is the next resistance as the 2013 low which might be targeted on continued tests to the upside with weekly and daily indicators favouring the bullish bias for now. The week ahead is key as we move into the final events of the year.

EUR/USD noteworthy levels

Current price is 1.2708, with resistance ahead at 1.2708 (Weekly Classic PP), 1.2726 (Daily Classic R1 / Daily 20 SMA) ahead of 1.2744 (2013 low). Next support to the downside can be found at 1.2697 (Hourly 20 EMA), 1.2696 (Daily Classic PP), 1.267650 (Hourly 100 SMA and Bollinger band), 1.2500 and 1.2412 (Monthly S1).

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