FXStreet (Córdoba) – EUR/USD made another upside attempt during the American session, but remained capped by the 1.1200 area.
EUR/USD bounced from the 1.1150 support zone, but momentum was not strong enough to lead the pair above the psychological level as markets remain in a sort of transition phase in the absence of economic data and ahead of the Federal Reserve policy meeting next week.
Later on the day, Fed’s Kocherlakota (non-voter, dove) is due to speak on monetary policy, although it is unlikely it will trigger market reaction.
EUR/USD levels to watch
In terms of technical levels, immediate resistances could be found at 1.1229 (Sep 8 high), 1.1243 (Sep 3 high) and 1.1265 (200-day SMA). On the downside, supports are seen at 1.1120 (Sep 7 low/100-day SMA), 1.1086 (Sep 3 low) and then 1.1058 (Aug 17 low).
(Market News Provided by FXstreet)