FXStreet (Córdoba) – The dollar picked up fresh momentum and dragged EUR/USD to fresh daily lows sub-1.1300 during the New York session.
USD enjoyed a bout of strength amid Wall Street gains and despite soft US data, as investors gear up for the Federal Reserve verdict later this week. EUR/USD dropped to as low as 1.1262 in recent dealings, and it was last trading at 1.1270, recording a 0.39% loss on the day.
However, EUR/USD continues to trade within familiar ranges as investors stay sidelined ahead of Fed verdict.
EUR/USD technical levels
As for technical levels, next supports are seen at 1.1262 (Sep 15 low), 1.1253 (Sep 11 low) and 1.1239 (200-day SMA). On the other hand, resistances could be found at 1.1328 (Sep 15 high), 1.1372 (Sep 14 high) and 1.1400 (psychological level).
(Market News Provided by FXstreet)