Monday, September 28, 2015

EUR/USD trades below 200-DMA

FXStreet (Mumbai) - The EUR/USD pair is trading just below its 200-DMA located at 1.1186 levels after the Asian markets traded mixed following Friday’s upward revisions of the US Q2 GDP.

Fed speak eyed

The main focus today is likely to be on the speeches from the Fed officials - Fed governor Daniel Tarullo, New York Fed president William Dudley, Chicago Fed president Charles Evans and San Francisco Fed president John Williams. The US personal spending report would also be watched out by the markets.

Meanwhile, it remains to be seen how the European desks react to the election results in Catalonia, Spain. At the moment, the pair is trading around 1.1170 levels, with the major European equity futures pointing to a flat to positive opening.

EUR/USD Technical Levels

At 1.1170, the immediate support is seen at 1.1145 (100-DMA), under which the pair could drop to 1.11 levels. On the other side, resistance is seen at 1.1186 (200-DMA) and 1.1214 (daily high).
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