Forex: EUR/USD remains capped by 1.3280
Forex pairs in this Article »
EUR/USD
FXstreet.com (Córdoba) - The euro edged slightly higher at the beginning of the New York session and printed a fresh 1-week high of 1.3282 before finding resistance, while investors' focus remain on US 'fiscal cliff' talks which are set to resume today.
Better-than-expected US jobless claims data helped to underpin the EURUSD but it lacked momentum to break decisively above 1.3280 and pulled back slightly. At time of writing, EURUSD is quoting at the 1.3275 zone, 0.4% above its opening price.
As for technical levels, immediate resistances are seen at 1.3282 (intraday high), 1.3300 (psychological level) and 1.3307 (Dec 19 high), while on the downside, supports could be found at 1.3255 (intraday support), 1.3200 (psychological level) and 1.3155 (Dec 21 low).
Better-than-expected US jobless claims data helped to underpin the EURUSD but it lacked momentum to break decisively above 1.3280 and pulled back slightly. At time of writing, EURUSD is quoting at the 1.3275 zone, 0.4% above its opening price.
As for technical levels, immediate resistances are seen at 1.3282 (intraday high), 1.3300 (psychological level) and 1.3307 (Dec 19 high), while on the downside, supports could be found at 1.3255 (intraday support), 1.3200 (psychological level) and 1.3155 (Dec 21 low).
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