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8 Feb 2016
EUR/USD trims losses, near 1.1150
The single currency is posting marginal losses vs. the greenback on Monday, with EUR/USD currently testing the 1.1140/35 band.
EUR/USD deflates from 1.1250
The pair’s upside seem to have run out of legs in the area of recent multi-week peaks near 1.1250. A better sentiment around the greenback following auspicious details from last Friday’s Payrolls numbers have collaborated with the correction lower, although sellers could not break below the 1.1100 key support.
Ahead in the session, Investor Confidence tracked by the Sentix index is only due in Euroland, while the Fed’s Labor Market Conditions Index will be in the limelight across the pond.
EUR/USD levels to watch
The pair is now retreating 0.14% at 1.1137 and a breach of 1.1054 (200-day sma) would open the door to 1.0959 (100-day sma) and finally 1.0949 (20-day sma). On the flip side, the next up barrier lines up at 1.1240 (high Feb.4) ahead of 1.1496 (high Oct.15) and finally 1.1713 (post-PBoC high Aug.24).
EUR/USD deflates from 1.1250
The pair’s upside seem to have run out of legs in the area of recent multi-week peaks near 1.1250. A better sentiment around the greenback following auspicious details from last Friday’s Payrolls numbers have collaborated with the correction lower, although sellers could not break below the 1.1100 key support.
Ahead in the session, Investor Confidence tracked by the Sentix index is only due in Euroland, while the Fed’s Labor Market Conditions Index will be in the limelight across the pond.
EUR/USD levels to watch
The pair is now retreating 0.14% at 1.1137 and a breach of 1.1054 (200-day sma) would open the door to 1.0959 (100-day sma) and finally 1.0949 (20-day sma). On the flip side, the next up barrier lines up at 1.1240 (high Feb.4) ahead of 1.1496 (high Oct.15) and finally 1.1713 (post-PBoC high Aug.24).