FXstreet.com (Córdoba) - Having failed to overcome the 100-hour SMA at the 1.2970 zone, the euro surrendered to bearish pressure and erased intraday gains as stocks turned lower in Wall Street.
EUR/USD broke its New York session range to the downside and dropped toward opening levels as risk appetite ebbed in the last hours. At time of writing, the pair is quoting at the 1.2925 area, where it is unchanged since opening, having seesawed between a low of 1.2885 and a high of 1.2970 on Tuesday.
In terms of technical levels, immediate supports are seen at 1.2920, 1.2900 and 1.2880, while on the other hand, resistances could be found at 1.2970, 1.3000 and 1.3040.
EUR/USD broke its New York session range to the downside and dropped toward opening levels as risk appetite ebbed in the last hours. At time of writing, the pair is quoting at the 1.2925 area, where it is unchanged since opening, having seesawed between a low of 1.2885 and a high of 1.2970 on Tuesday.
In terms of technical levels, immediate supports are seen at 1.2920, 1.2900 and 1.2880, while on the other hand, resistances could be found at 1.2970, 1.3000 and 1.3040.
