EUR/USD trades comatose in Asia below 200-DMA

EUR/USD is trading comatose well below the 200-DMA level of 1.1092 levels after having failed to take out the post NFP highs in the North American session.

Trades below 50% Fibo

At the time of writing, the common currency was hovering below 1.1067 (50% of 1.0517-1.1616) levels. The pair has failed twice above 1.11 (zero figure) and 200-DMA twice in the last four trading sessions. A jump to just above the post NFP high of 1.1120 yesterday quickly ran out of steam as record highs for US stocks weighed over the carry currency EUR and strengthened treasury yields.

Eurozone industrial production number due today could go unnoticed unless it is a horribly weak or a super strong figure. Other than that, the data calendar in Europe and in the US is empty. Hence, the spot is left at the mercy of the broader market sentiment.

EUR/USD Technical Levels

Acceptance above 200-DMA level of 1.1092 could yield a rise to 1.1196 (38.2% of 1.0617-1.1616). A violation there would open doors for 1.1236 (38.2% of 1.0463-1.1714). On the other hand, a breakdown of support at 1.1029 (July 6 low) would expose 1.10 (zero figure). Next major support is seen at 1.0911 (Brexit day low).