EUR/USD hits fresh session lows near 1.1160

The selling interest seen behind the EUR/USD pair accentuated in the early European morning, knocking-off the spot to daily lows towards the mid-point of 1.11 handle.

EUR/USD eyes NY low

Currently, EUR/USD trades -0.13% lower at fresh session lows of 1.1163, extending the slide from just below 1.1200 levels. The main currency pair ran through fresh sellers as the greenback regained ground across the board, staging a minor-correction after recent sell-off. The USD index bounced-off fresh five-day lows at 95.38 and now trades around 95.75, up +0.15% on the day.

The EUR/USD pair is closely tracking the USD price-action following the US NFP release and now awaits the US economic data and German growth numbers due Friday for fresh momentum on the pair. Meanwhile, the EUR calendar remains absolutely data-quiet today, and hence, attention turns towards the US jobless claims data that will be published in the NA session.

EUR/USD Technical Levels             

In terms of technicals, the pair finds the immediate resistance 1.1200.1209 (round number/ 100-DMA). A break beyond the last, doors will open for a test of 1.1250 (psychological levels). On the flip side, the immediate support is placed at 1.1124/19 (200 & 50-DMA) below which 1.1100/1.1092 (round number/ 20-DMA) could be tested.