FXStreet (Córdoba) – EUR/USD recovery stalled at the 1.1070 zone during the American session, as the greenback managed to take back some losses amid month-end flows.
EUR/USD climbed to a post-Fed peak of 1.1071 at the beginning of the New York session, but found resistance and turned south, sliding back to the 1.1010 zone. With the 100-hour SMA offering support, the pair is currently trading at the 1.1015 zone, still up 0.36% on the day.
EUR/USD technical levels
In terms of technical levels, on the upside, immediate resistances are seen at 1.1071 (Oct 30 high), 1.1095 (Oct 28 high) and then 1.1110 (200-day SMA). On the other hand, supports might be found at 1.0896 (Oct 28 low), 1.0847 (Aug monthly low), 1.0808 (July monthly low) and then 1.0784 (Apr 24 low).
(Market News Provided by FXstreet)