Forex: EUR/USD tests 1.2500 support

FXstreet.com (San Francisco) - After trading slowly down in the American session, the EURUSD has fallen from intra-day high at 1.2535 to test 1.2500 level. Currently the pair is pricing at 1.2498, 0.10% below opening price action.

"I favor a slide later today for a test above 1.2430-40 support area and it should finalize current consolidation, setting the stage for a rise towards 1.2690", wrote Deltastock.com analyst Stoyan MIhaylov.