Thursday, September 10, 2015

EUR/USD stuck around 1.1200

FXStreet (Edinburgh) - The common currency has been alternating gains with losses on Thursday following the risk appetite mood, with EUR/USD now hovering over the upper-1.1100s.

EUR/USD focus on risk, US docket

Spot has faded the overnight spike to session peaks in the 1.1240 region, deflating to the current 1.1190/80 band as risk trends continue to wobble in search of direction.

Absent data releases in Euroland today, market participants will shift their focus to the US calendar, where Import/Export Prices and Initial Claims will take centre stage. A Eurogroup meeting is due to kick in tomorrow, although its impact on markets is nearly zero.

EUR/USD key levels

The pair is retreating 0.04% at 1.1201 with the immediate support at 1.1147 (low Sep.9) followed by 1.1089 (low Sep.4) and finally 1.1057 (low Aug.12). On the other hand, a breakout of 1.1246 (high Sep.10) would target 1.1294 (high Sep.2) en route to 1.1332 (high Sep.1).
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