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27 Aug 2015
EUR/USD holds above 1.1200, for now
FXStreet (Córdoba) - EUR/USD has managed to stabilize above the 1.1200 level during the American session, after falling to weekly lows on the back of stronger-than-expected US data.
EUR/USD fell to its lowest level in a week at 1.1208 and completed a 500-pip round trip to Monday’s high at 1.1713 when the dollar faced a sharp sell-off amid speculations global growth woes could delay the Fed’s lift-off. At time of writing, EUR/USD is trading at 1.1220, still 0.81% below its opening price.
EUR/USD key levels
As for technical levels, EUR/USD could find next supports at 1.1208 (Aug 27 low), 1.1200 (psychological level) and 1.1130 (20-day SMA). On the flip side, resistances are seen at 1.1300 (psychological level), 1.1317 (200-day SMA) and 1.1364 (Aug 27 high).
EUR/USD fell to its lowest level in a week at 1.1208 and completed a 500-pip round trip to Monday’s high at 1.1713 when the dollar faced a sharp sell-off amid speculations global growth woes could delay the Fed’s lift-off. At time of writing, EUR/USD is trading at 1.1220, still 0.81% below its opening price.
EUR/USD key levels
As for technical levels, EUR/USD could find next supports at 1.1208 (Aug 27 low), 1.1200 (psychological level) and 1.1130 (20-day SMA). On the flip side, resistances are seen at 1.1300 (psychological level), 1.1317 (200-day SMA) and 1.1364 (Aug 27 high).