Forex: EUR/USD found support around 1.2920

FXstreet.com (Barcelona) - After bottoming in levels sub 1.2920, the single currency has gained some ground, trading as of writing around 1.2940. Although this tepid attempt of recovery, the bearishness surrounding the euro still prevails, intensified after US Consumer Confidence improved to 73.7 in November, bettering expectations and previous reading at 73.0 and 72.2, respectively.

The cross is now losing 0.27% at 1.2936 with the next support lying at 1.2917 (MA55d) followed by 1.2827 (low Nov.22) and then 1.2825 (MA10d).
On the upside, a break above 1.3021 (high Oct.31) would aim to 1.3023 (high Oct.25) and then 1.3025 (Upper Bollinger).