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9 Sep 2015
EUR/USD looking to stabilize at mid-range
FXStreet (Córdoba) - EUR/USD seems to have steadied around mid-range and is going through a sideways phase, after retreating from above 1.1200 to a low of 1.1130 at the beginning of the New York session.
The pair found support at the 100-day SMA and managed to take back some losses, but it continues to trade negatively on the day. At time of writing, EUR/USD is trading at 1.1170, 0.27% below its opening price.
The dollar failed to capitalize a much better than expected JOLTS reading as main focus remains on the Federal Reserve next week, amid lingering uncertainty regarding the timing of the first hike.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find next resistances at 1.1215 (Sep 9 high) and 1.1229 (Sep 8 high) ahead of 1.1243 (Sep 3 high) and 1.1259 (200-day SMA). On the flip side, supports could be found at 1.1125 (100-day SMA), 1.1086 (Sep 3 low) and then 1.1058 (Aug 17 low).
The pair found support at the 100-day SMA and managed to take back some losses, but it continues to trade negatively on the day. At time of writing, EUR/USD is trading at 1.1170, 0.27% below its opening price.
The dollar failed to capitalize a much better than expected JOLTS reading as main focus remains on the Federal Reserve next week, amid lingering uncertainty regarding the timing of the first hike.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find next resistances at 1.1215 (Sep 9 high) and 1.1229 (Sep 8 high) ahead of 1.1243 (Sep 3 high) and 1.1259 (200-day SMA). On the flip side, supports could be found at 1.1125 (100-day SMA), 1.1086 (Sep 3 low) and then 1.1058 (Aug 17 low).