Forex: EUR/USD upside capped at 1.2850

FXstreet.com (Barcelona) - The single currency has bounced off session lows in the 1.2825 region, although can’t gain extra traction to overcome the intraday resistance at 1.2850 so far, as the US dollar seems to be consolidating into the NA session.

Worrisome headlines out of the euro zone regarding the Greek political crisis are still weighting on the cross, with market participants now focusing on tomorrow’s meeting between F.Hollande and A.Merkel.

EUR/USD is losing 0.38% at 1.2844 as of writing.
Next support levels are located at 1.2825, ahead of 1.2810 then 1.2800 and 1.2720, while a break above 1.2875 would bring 1.2935 then 1.2958 and finally 1.2979

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