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EUR/USD clings to 1.2700

FXStreet (Córdoba) - Despite the positive mood in stocks markets, EUR/USD failed to hold above the 1.2700 level. although it remains broadly unchanged Tuesday as investors await the next series of US data and Fed statement Wednesday.

EUR/USD failed once again to clear the 1.2725 resistance area and slid to a low of 1.2683 during the European session. At time of writing, EUR/USD is trading at 1.2695, virtually unchanged on the day.

During the New York session, US durable goods orders and consumer confidence data could offer inspiration for EUR/USD, which has been trading sideways in a narrow range over the last sessions.

EUR/USD technical levels

As for technical levels, immediate supports are seen at 1.2683 (intraday low), 1.2665 (Oct 27 low) and 1.2634 (Oct 24 low). On the other hand, resistances could be found at 1.2718/22 (Oct 27 & 26 highs), 1.2790 (Oct 9 high) and 1.2839 (Oct 21 high).

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