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FxWirePro: EUR/USD struggles to reclaim 1.12 handle

Major European indices pared losses, proving some respite to European traders, weighing on the safe-haven bids for the euro.

  • EUR/USD was rejected at 1.1244, fell below the 1.12 handle to session lows at 1.1171
  • The pair has however quickly retraced from fresh session lows, but has failed to reclaim the 1.12 barrier and currently trades at 1.1194
  • BOE Super Thursday in focus for any cross driven impact on the euro, U.S. weekly jobless claims later in the day could merit some attention
  • Immediate resistance for EUR/USD is seen at 1.1197 (10-Day MA), while support lies at 1.1132 (Session low Sep 9)

Resistance Levels:

R1: 1.1197 (10-Day MA)
R2: 1.1230 (Daily High Sept 8)
R3: 1.1244 (Daily High Sept 3,10)

Support Levels:

S1: 1.1132 (Session low Sep 9)
S2: 1.1122 (Session low Sep 7)
S3: 1.1092 (55 DMA)

  • Market Data
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