17 Aug 2015
EUR/USD falls back below 1.1100
FXStreet (Córdoba) - EUR/USD failed to sustain momentum and pulled back from session highs, erasing intraday gains as the dollar recovered ground following temporal weakness on the back of disappointing US manufacturing data.
EUR/USD reached a peak of 1.1124 before turning back south, and slid to a session low 1.1070 in recent dealings as the dollar shrugged off data. Investors attention turns to US CPI figures on Wednesday and minutes of the July FOMC meeting for signs on the probability of a September rate hike.
EUR/USD levels to watch
At time of writing, EUR/USD is trading at 1.1075, recording a 0.3% loss on the day, with immediate supports at 1.1062 (Aug 17 low), 1.1040 (100-day SMA) and 1.1024 (Aug 12 low). On the other hand, resistances are seen at 1.1124 (Aug 17 high), 1.1188 (Aug 14 & 13 highs) and 1.1213 (Aug 12 high).
EUR/USD reached a peak of 1.1124 before turning back south, and slid to a session low 1.1070 in recent dealings as the dollar shrugged off data. Investors attention turns to US CPI figures on Wednesday and minutes of the July FOMC meeting for signs on the probability of a September rate hike.
EUR/USD levels to watch
At time of writing, EUR/USD is trading at 1.1075, recording a 0.3% loss on the day, with immediate supports at 1.1062 (Aug 17 low), 1.1040 (100-day SMA) and 1.1024 (Aug 12 low). On the other hand, resistances are seen at 1.1124 (Aug 17 high), 1.1188 (Aug 14 & 13 highs) and 1.1213 (Aug 12 high).