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Forex pairs in this Article » EUR/USD (Edinburgh) - The shared currency is now looking to stabilize in the area of 1.3760, with the EUR/USD recovering ground after dipping to sub-1.3750 levels.

EUR/USD weaker on risk-off session

The pair is trading on a softer tone on Wednesday amidst a prevailing scenario tilted to the risk aversion and coming down from fresh 6-week highs near 1.3800 the figure on Tuesday. Today’s euro docket will be far from a market mover, as German consumer prices are expected to match the preliminary readings. Across the pond the most relevant event will be the Monthly Budget Statement and the speech by Treasury Secretary Lew.

EUR/USD levels to watch

At the moment, the pair is losing 0.02% at 1.3764 with the immediate support at 1.3734 (low Dec.10) ahead of 1.3695 (low Dec.9) and then 1.3647 (Tenkan Sen line). On the flip side, a breakout of 1.3795 (high Dec.10) would open the door to 1.3818 (high Oct.28) and finally 1.3833 (2013 high Oct.25).
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