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EUR/USD was earlier rejected at day's high by 1.1214, slips below 200 DMA at 1.1185.
- Major European indices opened in the red, further weighing on the pair
- The pair failed to sustain recent breaks under 55 DMA ( 1.1130), and a close below that level could see further weakness
- EUR/USD is currently trading at 1.1173, with immediate resistance at 1.1215 (Hourly High Sept 28) and support at 1.1130 (55 DMA)
- US personal spending data along with speeches from the Fed officials will be in focus for direction
Resistance Levels:
R1: 1.1215 (Hourly High Sept 28)
R2: 1.1234 (21 DMA, High Sept 25)
R3: 1.1239 (DMA)
Support Levels:
S1: 1.1129 (55 DMA)
S2: 1.1116 (Daily Low Sept 25)
S3: 1.1105 (Daily Low Sept 23)
