FXstreet.com (Córdoba) - After rallying nearly 150 pips, the euro lost some of its shine and pared gains versus the greenback into the European close.
EUR/USD reached its highest in 6 weeks at 1.2486, underpinned by hopes that central banks will act in the near future to stimulate the euro zone, US and China economies, but lost momentum ahead of the 1.2500 hurdle.
At time of writing, EUR/USD is trading at the 1.2470 area, recording a 1.0% gain on the day. As for technical levels, immediate resistances are seen at 1.2500 psychological level, followed by the 1.2515/20 zone and Jul 5 high at 1.2540. On the other hand, supports could be found at 1.2440, 1.2400 and 1.2370.
EUR/USD reached its highest in 6 weeks at 1.2486, underpinned by hopes that central banks will act in the near future to stimulate the euro zone, US and China economies, but lost momentum ahead of the 1.2500 hurdle.
At time of writing, EUR/USD is trading at the 1.2470 area, recording a 1.0% gain on the day. As for technical levels, immediate resistances are seen at 1.2500 psychological level, followed by the 1.2515/20 zone and Jul 5 high at 1.2540. On the other hand, supports could be found at 1.2440, 1.2400 and 1.2370.
