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Forex pairs in this Article » EUR/USD (Edinburgh) -The EUR/USD is looking to stabilize around the 1.3360/65 region as markets enter the last part of the session in Wall St.

EUR/USD recovering from lows sub 1.3300

After briefly dipping below the key 1.3300 handle, the pair picked up pace and managed to revert the initial bearish trend, hovering over 1.3360/65. With short-term technicals mixed, Chief Strategist Camilla Sutton at Scotiabank commented “that upside momentum is fading, leaving us cautious on the potential for further near-term EUR upside. Today’s pivots provide reasonable support and resistance levels at 1.3280 and1.3385, respectively”.

EUR/USD levels to watch

The pair is now up 0.02% at 1.3359 and a breakout of 1.3427 (high Aug.21) would aim for 1.3453 (high Aug.20) and finally 1.3456 (high Feb.14). On the downside, the initial barrier aligns at 1.3257 (MA30d) followed by 1.3222 (weekly cloud top) and then 1.3206 (low Aug.15).
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