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FxWirePro: EUR/USD trades modestly flat heading into European open, gains capped at 1.1328

  • 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

Resistance Levels:

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)

  • Market Data
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