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Forex pairs in this Article » EUR/USD (Edinburgh) - The shared currency broke the prevailing range to the downside, pushing the EUR/USD to fall through the critical support at 1.3000 at the end of the US session on Tuesday.

EUR/USD facing headwinds

The pair continues to retrace the upside sparked in May, falling to current session lows around 1.2960 from June peaks near 1.3420. Jitters on Greece have re-emerged, hurting investors’ sentiment along with a more dovish tone expected in tomorrow’s ECB gathering. Today’s euro docket will pose another threat to the single currency, as Services PMI are due followed EMU’s Retail Sales.

EUR/USD levels to watch

As of writing, the pair is losing 0.11% at 1.2964 with the next support at 1.2958 (daily cloud base). On the flip side, resistance levels align at 1.3078 (high Jul.2) followed by 1.3103 (high Jun.28) and then 1.3115 (MA30d).
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