FXStreet (Mumbai) – The EUR/USD pair was offered in the range of 1.13-1.1305 for the second time today, pushing it back to 1.1290, although the spot is in the process of making another attempt at 1.13.
Moderate weakness in equities support EUR
The common currency has managed to hold near 1.13 levels as the European equities suffered moderate weakness in the early session. The German Dax was down 0.25%, while the pan-European Euro Stoxx 50 was down 0.14%.
Meanwhile, the German CPI figure released earlier today failed to have any major impact on the spot. With no major data due for the remaining day at both the sides of the Atlantic, the spot could remain focused on the EUR/USD pair.
EUR/USD Technical Levels
The immediate resistance is seen at 1.1332 (Sep 1 high), followed by a major hurdle at 1.1436 (June 18 high). On the other side, support is seen at 1.1249 (200-DMA) and 1.1135 (100-DMA).
(Market News Provided by FXstreet)