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EUR/USD aims to regain 1.1300

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Córdoba) - EUR/USD bounced from session lows and is back trading in positive ground for the day, aiming to regain the 1.13 mark ahead of the FOMC minutes release.

    The euro reached its highest level since the NFP release last Friday at 1.1314 during the European session, but came under pressure on the back of ECB accounts but managed to find buyers over the last hours. Having reached a session high of 1.1290, the pair is currently trading at 1.1275, 0.35% above its opening price.

    EUR/USD short-term levels to consider

    In terms of technical levels, if EUR/USD breaks above 1.1318 (post-NFP Oct 2 high), 1.1372 (Sep 14 high) and not much until 1.1460 (Sep 18 high). On the downside, supports are seen at 1.1220 (Oct 7 low), 1.1190 (50-day SMA) and 1.1149 (200-day SMA).
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