After that, 1.2800 looks like another important level.On the downside, if the bearish momentum is the winner and the pair falls below the 1.2660, the EUR/USD will look support at 1.2630 and 1.2560 before to try to break the 1.2500 important level. Euro and Pound suffer on the week opening on concerns about financial system € Risk aversion has returned to the markets on a strong pace, on concerns that the end of the financial crisis is not yet on sight, and the. Currently, the pair is trading around the 1.2650/70 band, if the pair hold above the 1.2660 level successfully, the EUR/USD will go up to break the 1.2685 before to launch a new assault to the 1.2750. Currently the pair is fighting to be above the 1.2660 level again.Along the European and American sessions, the EUR/USD has been trading between the 1.2730 and 1.2650 channel, but the 1.2660 looks like an important level to find a par direction.

The EUR/USD is fighting the 1.2660 again - The EUR/USD has been rejected by the 1.2630 support level after falls near to 120 pips from the 1.2750 resistance.