EUR/USD pair weakened positions, traded in 1.2860-85 zone

During early European trade session the euro currency retreated against the US dollar, as trade was set in the 1.2860-85 range, while yesterday the pair reached 1.2930 after the release of weak economic data from the United States.

US dollar decreased its value in relatively short-term, because of disappointing labour market data, after which during the American session regained its positions on FED officials comments. They stated, that FED should decelerate and, by the end of this year, exit the easing program.

The pair dropped by almost 0.14% to 1.2865, as it is expected to be supported at 1.2843, May 15 low value, then support could be received at psychological level of 1.2800 and at this year low 1.2740.

EUR/USD resistance levels could be expected at 1.2943, May 15 high value, then at 1.3030, May 4 high, and even at 1.3045-55, the 30-day moving average.