- The single currency trades modestly flat against the US dollar heading into the European open
- Gains in EUR/USD near 1.1330 region did not last, pair slipped, erasing gains and currently trades at 1.1315
- 1.1329 is a strong resistance for the major, while immediate minor resistance is located at 1.1324 (hourly could top)
- On the downside supports are seen at 1.1284 (Session low Sep 14) and further below at 1.1254 (Daily Low Sept 11)
- Key UK CPI data and German ZEW figures will be closely watched for further direction in the pair
R1: 1.1324 (hourly could top)
R2: 1.1329 (4H Tenkan)
R3: 1.1373 (Session high Sep 14)
Support Levels:
S1: 1.1284 (Session low Sep 14)
S2: 1.1254 (Daily Low Sept 11)
S3: 1.1251 (21-Day MA)
