EUR/USD unable to regain the 1.28 handle

FXstreet.com (Barcelona) - The EUR/USD foreign exchange rate is last quoted at 1.2778, off session lows at 1.2764, unchanged from latest update, ahead of later on FOMC meeting minutes at 18:00 GMT.

EUR/USD bearish potential intact

According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “The bearish potential is now intact according to the hourly chart, with momentum still heading lower and price unable to recover the 1.2800 level, supporting further slides for the upcoming session, with 1.2660 as next big magnet area to be tested.”

EUR/USD key technical levels

Bednarik finds support levels at: 1.2745, 1.2700 and 1.2660, while resistance levels at: 1.2810, 1.2840 and 1.2880.