EUR/USD falls below 1.1200

EUR/USD extended losses below the 1.1200 level during the New York session, as the dollar was modestly lifted by better-than-expected US data.

EUR/USD, that was already under pressure, broke below the 1.12 mark and slid to a low of 1.1190, although the decline stalled just a few pips ahead of the 100-day SMA, which is acting as dynamic support.

On the data front, Consumer Confidence index rose to 104.1 versus 99.8 expected and 101.80 the previous month, hitting a 9-year high. Meanwhile, US services PMI gauged by Markit came in at 51.9 versus 51 expected in September, while the Richmond Fed mfg index rose to -8 in September versus -11 the previous month.

EUR/USD levels to watch

At time of writing, EUR/USD is trading at 1.1197, down 0.49% on the day. In terms of technical levels, immediate supports are seen at 1.1187 (100-day SMA), 1.1155 (200-day SMA) and 1.1122 (Aug 31 & Sep 21 low). On the other hand, resistances could be faced at 1.1258 (Sep 27 high), 1.1283 (Sep 15 high), 1.1326 (Sep 8 high) and 1.1365 (Aug 18 high).