Oil driven losses in the major US equity index futures helped common currency regain poise, thus ensuring the EUR/USD pair recovered losses to trade largely unchanged on the day around 1.1030. Eyes US stocks At the time of writing, the S&P 500 futures were indicating the index could open 0.25% or 5 points lower on the day. Dow and Nasdaq futures were pointing to a moderate weak opening as well. Moreover, drop in oil could be weighing over the futures. Consequently, the EUR/USD pair recovered from the daily low of 1.1098 levels. Pair was rejected in early Europe at 1.1173 (23.6% of 1.0517-1.11376). EUR/USD Technical Levels The immediate support is seen at 1.11-1.1091 (5-DMA), under which the spot could drift lower to 1.1048 (38.2% of 1.0517-1.1376), which if taken out would expose 1.10 handle. On the other hand, a break above resistance at 1.1173 (23.6% of 1.5017-1.1376) would expose 1.1218 (Mar 10 high) and finally 1.1245 (Feb 5 high). For more information, read our latest forex news.