Forex: EUR/USD back below 1.3200

FXstreet.com (Córdoba) - After failing to consolidate above the 1.3200 area, EURUSD came under pressure and dipped into negative ground for the day as investors remain cautions given the uncertainty whether Washington can strike a deal to avert the fiscal cliff that would take effect in just hours.

EURUSD reached a session high of 1.3227 but turned lower and slid toward the bottom of its intraday range around 1.3170 before finding support. At time of writing, EURUSD is trading at the 1.3186, 0.2% below its opening price.