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EUR/USD steadies at 1-week highs

FXStreet (Córdoba) - Following some choppy moves triggered by US data releases, EUR/USD steadied at 1-week highs above 1.2730 and entered a quieter phase as investors' attention turns to the FOMC meeting tomorrow.

EUR/USD rallied and reached its highest level in a week at 1.2764 but lost momentum and pulled back as the greenback recovered ground across the board. However, with the setback being contained by the 1.2720 zone, the pair was confined to a consolidation period. At time of writing, EUR/USD is trading at 1.2745, recording a 0.38% gain on the day.

EUR/USD technical levels


As for technical levels, immediate resistances could be found at 1.2764 (Oct 28 high), 1.2790 (Oct 9 high) and 1.2839 (Oct 21 high). On the flip side, supports are seen at 1.2683 (Oct 28 low), 1.2665 (Oct 27 low) and 1.2634 (Oct 24 low).

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