EUR/USD moves toward 1.1750 ahead of key US, EU data

EUR/USD offers no respites and slides lower on Tuesday.
US Dollar Index pares initially losses and stands tall near 93.00.
The Euro losses ground on risk aversion, GDP data eyed.

Rekha Chauhan Independent Analyst

The buying tone surrounding the US dollar keeps EUR/USD edgy on the Tuesday morning session. After touching the low of 1.1753, the pair opened higher on Monday near 1.1800 but failed to preserve the momentum.

At the time of writing, the EUR/USD is trading at 1.1768, down 0.08% on the day.

The US Dollar Index (DXY), which tracks the performance of the greenback against the six majors, remains strong at 92.70 with 0.09% gains. Expectations of early tapering by the US central bank continued to provide support for the greenback near the lower levels.

The single currency is weighed down by the downbeat economic data and general risk-off mood. The Eurozone Trade Surplus narrowed in June whereas Industrial Production fell 0.3% in June as compared to market expectations of 0.2% drop.

Investors turn their attention to Euro Gross Domestic Product (GDP), Employment change data, and the US Retails Sales data to take trade insight.

EUR/USD additional levels

EUR/USD

Overview
Today last price	1.177
Today Daily Change	-0.0009
Today Daily Change %	-0.08
Today daily open	1.1779

Trends
Daily SMA20	1.18
Daily SMA50	1.1876
Daily SMA100	1.1962
Daily SMA200	1.201

Levels
Previous Daily High	1.1801
Previous Daily Low	1.1767
Previous Weekly High	1.1805
Previous Weekly Low	1.1706
Previous Monthly High	1.1909
Previous Monthly Low	1.1752
Daily Fibonacci 38.2%	1.178
Daily Fibonacci 61.8%	1.1788
Daily Pivot Point S1	1.1764
Daily Pivot Point S2	1.1749
Daily Pivot Point S3	1.173
Daily Pivot Point R1	1.1798
Daily Pivot Point R2	1.1816
Daily Pivot Point R3	1.1832

Author

Rekha Chauhan

Independent Analyst

Rekha Chauhan has been working as a content writer and research analyst in the forex and equity market domain for over two years.

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