FXStreet (Mumbai) - The EUR/USD pair failed once again to sustain above 1.09 handle and slid gradually to session lows near hourly 200-SMA at 1.0877 heading into early Europe. EUR/USD sold-off at 1.0904 Currently, the EUR/USD pair trades -0.11% lower at 1.0882, hovering close to fresh session lows struck at 1.0879 last minutes. The main currency pair reversed a brief spike just ahead of 1.09 handle and turned back in the red, as markets seem to shrug-off subdued China’s growth numbers and cheer the strong rebound in the Asian markets, led by the Chinese equities. Japan’s Nikkei is up 0.40% toward closing hours, while the Shanghai Composite index jumps +2.60%. Hence, amid risk-on rally in the equities, the demand for the safe-haven EUR took a hit, while the euro also remains pressured versus its American counterpart in anticipation of dismal macro news from the Euro land in the session ahead. Data-wise, the German inflation figures will be published followed by Euro zone’s current account, ZEW surveys and EMU final CPI data. However, Wednesday’s US CPI report and Thursday’s ECB meeting are likely to emerge main market moves for this week. EUR/USD Technical Levels In terms of technicals, the pair finds the immediate resistance is seen at 1.0940/52 (Jan 18 High/ 100-DMA). A break beyond the last, doors will open for a test of 1.0984/1.1000 (Jan 15 High/ round number). On the flip side, the immediate support is placed at1.0852 (50-DMA/ Jan 15 Low), below which 1.0800 (psychological levels) could be tested. For more information, read our latest forex news.