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EUR/USD refuses to stay below 1.2500

FXStreet (Córdoba) - EUR/USD took a dip to test levels below 1.2500 but once again, sellers weren’t able to keep the pair below the psychological level for long.

EUR/USD rebounded from the 1.2490 zone in a new attempt, but with the bounce being capped by the 1.2530 area, the pair was confined to a phase of consolidation. At time of writing, EUR/USD is trading at 1.2517, still 0.69% below its opening price, having scored a 26-month low of 1.2485 earlier on the session.

EUR/USD came under renewed pressure Friday amid broad dollar strength and soft Eurozone inflation figures, but investors may take a wait-and-see stance and refrain from taking the pair much lower ahead of ECB meeting and nonfarm payrolls next week.

GBP/USD bounces at 1.5940 and returns to 1.5990

After a brief trip below the 1.5950, GBP/USD found support at 1.5940 where the it found buying interest that sent it back to 1.5990.
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