Tuesday, October 6, 2015

EUR/USD stays below 1.1200

FXStreet (Córdoba) - EUR/USD came under pressure and dropped more than 100 pips during the last hours to close the day below 1.1200, with no fundamental news behind the move.

The greenback managed to take back losses and dragged the pair from a peak of 1.1288 to a low of 1.1173 before finding support at the 50-day SMA. At time of writing, EUR/USD is trading around 1.1183, down 0.29% on the day.

A series of PMIs from Eurozone and US failed to inspire traders that continue to assess Friday’s employment figures.

EUR/USD technical levels

As for technical levels, immediate supports are seen at 1.1150 (Oct 2 low) and 1.1138/35 (100-day SMA/Oct 2 low). On the flip side, resistances could be found at 1.1288 (Oct 5 high), 1.1318 (Oct 2 high) and 1.1329 (Sep 21 high).
For more information, read our latest forex news.

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