15 Sep 2015
EUR/USD flirts with 1.1300, US data in focus
FXStreet (Mumbai) - The shared currency continues to trade around a flat line versus the US dollar in the last hours, with EUR/USD keeping range above 1.1300 levels, as the anticipated US economic data have kept the traders on the side-lines.
EUR/USD faces stiff resistance ahead of 1.1320
The EUR/USD pair trades -0.12% lower at 1.1305, clinging to 1.13 barrier in the mid-European trades. The major trades lack-lustre as the European traders continue to digest the latest EZ fundamentals which came in slightly mixed.
Meanwhile, the focus now shifts back on today's retail sales for August from the US, which should be on a par with July's levels, although traders probably won't open new positions ahead of Thursday's Federal Reserve monetary policy decision, thus keeping EUR/USD largely subdued.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1375 (Sept 14 High), above which gains could be extended to 1.1394 (Aug 21 High) levels. On the flip side, support is seen at 1.1284 (Today’s Low) below which it could extend losses to 1.1253 (Sept 11 Low) levels.
EUR/USD faces stiff resistance ahead of 1.1320
The EUR/USD pair trades -0.12% lower at 1.1305, clinging to 1.13 barrier in the mid-European trades. The major trades lack-lustre as the European traders continue to digest the latest EZ fundamentals which came in slightly mixed.
Meanwhile, the focus now shifts back on today's retail sales for August from the US, which should be on a par with July's levels, although traders probably won't open new positions ahead of Thursday's Federal Reserve monetary policy decision, thus keeping EUR/USD largely subdued.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1375 (Sept 14 High), above which gains could be extended to 1.1394 (Aug 21 High) levels. On the flip side, support is seen at 1.1284 (Today’s Low) below which it could extend losses to 1.1253 (Sept 11 Low) levels.