EUR/USD halts 4-day winning streak, eases to 1.1240
|EUR/USD’s retreat from 1.1280 region found some support around 1.1240 levels, with the bulls now consolidating near the last, unperturbed by improved risk appetite following first US presidential election debate.
EUR/USD awaits US data for fresh direction
Currently, EUR/USD trades -0.10% lower at 1.11243, hovering within a striking distance of session lows struck at 1.1239 earlier on the day. The main currency pair pauses its four-day winning streak and slips in the red zone this Tuesday, as the US dollar remains bid across the board as markets price-in Clinton’s win after the first US election debate, triggering renewed risk-on wave across the financial markets.
Focus now shifts towards the US fundamentals lined up for release later this week, while Fed speaks, including Yellen’s testimony will also grab a lot of attention and provide fresh incentives to the major.
EUR/USD Technical Levels
In terms of technicals, the pair finds the immediate resistance 1.1256 (Sept 16 high). A break beyond the last, doors will open for a test of 1.1286 (Sept 15 high) and from there to 1.1300 (round figure). On the flip side, the immediate support is placed at 1.1219 (Sept 26 low) below which 1.1145 (static support) and 1.1119 (Sept 21 low) could be tested.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.