• The single currency clung to broad gains early on Thursday, but is struggling to retake the 1.20 barrier
  
  
• EUR/USD rallied above $1.1200 overnight on ECB comments, and last stood at $1.1187, pulling away from Wednesday's session low of $1.1105
  
  
• European Central Bank had yesterday downplayed the need for further monetary stimulus any time soon buoying the single currency
  
  
• After setting a new low the pair is up on the day and daily RSI diverged
  
  
• EUR/USD is currently trading at 1.1184, with 4-hourly Tenkan at 1.1159 seen as initial support on the downsdie, below which it could extend losses to 1.1120 (cloud base)
  
  
• Resistance on the upside is seen at 1.1203 (200 DMA) ahead of 1.1208 (Session high Sep 23)
  
  

Resistance Levels:

R1: 1.1203 (200 DMA)

R2: 1.1208 (Session high Sep 23)

R3: 1.1241 (21 DMA)

Support Levels: 

S1: 1.1122 (55-Day MA)

S2: 1.1105 (Session Low Sept 23)

S3: 1.1090 (Daily Low Sept 4)