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Forex: EUR/USD back above 1.3000

FXstreet.com (Córdoba) - The euro has gathered momentum during the American afternoon and is back headed north versus the greenback, approaching daily highs. Amid choppy intraday price action, EUR/USD latest setback was contained by the 1.2970 area, sending EUR/USD back above 1.3000 in recent dealings.

EUR/USD stretched to a NY session high of 1.3023 and it is currently trading around 1.3020, where it holds onto a 0.2% gain on Wednesday.

As for technical levels, on the upside, the cross could face immediate resistances at 1.3020 (intraday level) and the 1.3033/39 zone (daily high/100-hour SMA). On the downside, supports are seen at 1.2975 (21-day SMA) and 1.2954 (daily low) ahead of 1.2930 (200-day SMA).

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