EUR/USD plays with the 1.2600 round

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EUR/USD plays with the 1.2600 round

FITITOL--> FXstreet.com (Barcelona) - EUR/USD is trading last slightly above the 1.2600 mark, up from previous Asia-Pacific open yesterday by +0.18%, after a day with lows at 1.2559, and highs at 1.2626. The pair is lower for the week by -0.47% with the US closed on holiday for later on this Wednesday. Global share markets had another day of gains for almost five consecutive days, with SP500 rising some +0.62%.

As Valeria Bednarik, Chief Analyst at Fxstreet.com points out: “The hourly chart shows indicators flat, giving no clues on direction, while in the 4 hours chart price stands above 20 SMA while momentum heads south below its midline, helping keep the upside limited,” the analyst says, adding: “Range extremes to watch are 1.2550 to the downside, and 1.2630 to the upside.”

Support levels are located at: 1.2585 1.2550, and 1.2510, while resistance levels show at: 1.2630 1.2675, and 1.2710.