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Forex pairs in this Article » EUR/USD (Barcelona) - The EUR/USD continues to creep to lower levels on Wednesday, as the selling interest seems to be picking up pace.

No news from Germany so far, EUR/USD tumbling

Market participants remain vigilant for news or announces from the German Constitutional Court, as the second day of hearings on the ECB’s OMT programme kicks in. “The euro extended yesterday's move above $1.33 in early Europe, but ran out of steam abruptly. An important target for many chartists is $1.3340. A break now of yesterday's lows near $1.3230 would call into question the euro's recent uptrend”, noted BBH Global Currency Strategy Team.

EUR/USD levels to watch

At the moment, the pair is losing 0.30% at 1.3273 and a breakdown of 1.3177 (low Jun.10) would target 1.3162 (MA10d) en route to 1.3103 (MA100d). On the upside, resistance levels align at 1.3340 (61.8% of Feb-Apr slide) ahead of 1.3456 (high Feb.14) and finally 1.3520 (high Feb.13).
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