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EUR/USD back below 1.2550

FXStreet (Córdoba) - EUR/USD retreated after approaching 1.2600 following the release of the FOMC minutes and fell below 1.2550. Near the end of trading in Wall Street the pair trades at 1.2540, just five pips above the level it closed yesterday.

Greenback initially weakened in the currency market after the release of the FOMC document but then gained momentum and rose above the level it had before.

EUR/USD technical levels

Despite finding resistance and retreating from 1.2600, EUR/USD is still moving with a slight bullish bias in the short term, with many supports between 1.2530 and 1.2500. At 1.2525 an hourly trendline currently stands that could offer dynamic support, followed by 1.2510 (daily low) and below here 1.2500 (Nov 11, 12 high). On the opposite direction, immediate resistance lies at 1.2570, and then 1.2600 (daily high) and 1.2625.

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