FXStreet (Edinburgh) – The selling interest is now growing bigger around the European currency, sending EUR/USD to daily troughs around 1.1160.
EUR/USD weaker on US releases
The pair saw its downside intensified after US inflation figures gauged by the Fed’s preferred measure, Core Personal Consumption Expenditures, rose 1.3% on a year to August, surpassing both previous estimates and July’s print.
Further releases saw US Personal Income expanding 0.3% inter-month, while Personal Spending rose 0.4% MoM.
EUR/USD levels to watch
As of writing the pair is losing 0.22% at 1.1167 and a breach of 1.1159 (low Sep.28) would open the door to 1.1105 (low Sep.23) ahead of 1.1089 (low Sep.4). On the flip side, the next hurdle aligns at 1.1215 (high Sep.28) followed by 1.1234 (high Sep.25) and then 1.1296 (high Sep.24).
(Market News Provided by FXstreet)