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Forex: EUR/USD at daily lows

FXstreet.com (Córdoba) - After failing to overtake the 1.3200 level on Wednesday, EUR/USD came under modest pressure and retreated somewhat in a fairly quiet session.

The cross backed away from a daily high of 1.3175 toward a low of 1.3133, slipping back below the 100-day SMA (today around 1.3155) despite a well received Spanish auction. At time of writing, EUR/USD is trading around 1.3140, just a few pips below its opening price.

In terms of technical levels, immediate support levels for EUR/USD could be found at 1.3120 (200-hour SMA) and 1.3080 (20-day SMA), while on the flip side, next resistances are seen at 1.3175 (daily high), 1.3200 (psychological level/high May 8) and 1.3240 (high May 1).

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