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Forex pairs in this Article » EUR/USD (Córdoba) - After falling to fresh session lows, EUR/USD saw a quick turnaround and erased daily losses as jitters drive the market Tuesday.

EUR/USD spikes toward 1.3400 amid unsettled markets

With no clear catalyst, EUR/USD bounced from the 1.3330 zone and rallied nearly 50 pips at the beginning of the New York session, reaching a fresh daily high of 1.3397 in recent dealings. It seems market is nervous and it isn’t quite sure which way to take given the prospects the US may take actions action against Syrian government.

EUR/USD levels to watch

EUR/USD is currently trading at the 1.3385 zone, where it is 0.1% above its opening price, having hit a low of 1.3321 during the European trade. Immediate resistance level stands at 1.3400 (psychological level) followed by 1.3425 (Aug 21 high), while supports are seen at 1.3320 8daily low) and 1.3300 (psychological level).
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