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EUR/USD struggles to regain 1.1400

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Córdoba) - Following a short-lived pullback, EUR/USD found support and rose back toward the 1.1400 level but lacked momentum to regain the psychological mark.

    EUR/USD started the day on a strong note amid broad USD weakness but disappointing ZEW survey figures dragged the pair down to the 1.1365 zone. Having recovered from lows, EUR/USD is currently trading at 1.1398, up 0.36% on the day, and struggling to regain 1.1400.

    There is no first-tier data scheduled for the US session. Recently Fed’s Bullard was crossing the wires saying that the liftoff is appropriate despite challenges.

    EUR/USD levels to watch

    If EUR/USD breaks decisively above 1.1400, next resistances could be found at 1.1440 (Sep 17 high) and 1.1459 (Sep 18 high). On the other hand, supports are seen at 1.1344 (Oct 13 low), 1.1319 (100-hour SMA) and 1.1266 (Oct 9 low).
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