FXStreet (Edinburgh) – The common currency has practically ignored today’s releases in the US docket, leaving EUR/USD around the 1.1355/60 band.
EUR/USD unmotivated, keeps the red ground
The pair remained apathetic after US Industrial Production has contracted 0.2% on a monthly basis during September, while Capacity Utilization surpassed estimates at 77.5%.
Spot now navigates a tight range in the mid-1.1300s as the NA session unfolds and ahead of the Consumer Sentiment index tracked by Reuters/Michigan.
EUR/USD relevant levels
As of writing the pair is retreating 0.24% at 1.1357 and a breach of 1.1315 (Fibo 23.6% of 1.3993-1.0456) would open the door to 1.1300 (psychological level) and finally 1.1217 (55-day sma). On the other hand, the next up barrier aligns at 1.1496 (high Oct.15) followed by 1.1714 (high post-PBoC move Aug.24) and then 1.1847 (Fibo 38.2% of 1.3993-1.0456).
(Market News Provided by FXstreet)