EUR/USD reached a peak at 1.4293 in recent trade after French President Nicolas Sarkozy said French banks have agreed to roll over holdings of Greek debt for 30 years. However, EUR/USD has moved slightly off highs and it is currently quoting at the 1.4270 zone, where it records a 0.56% gain on Monday, the first in 4 days.
"On technical perspectives, EUR/USD is entrenched in a symmetrical formation. A pick of volatility expanded intra-day support and resistance levels", said Andrei Tratseuski, analyst at Forex Club. "Current resistance hovers at 20-day Moving Average of 1.4350. Support is currently structured at the low of the day at 1.4100".