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28 Aug 2015

EUR/USD back to square one

FXStreet (Córdoba) - EUR/USD retreated from above 1.1300 and settled near lows at the 1.1250 zone ignoring data from the Eurozone and the US and a round of comments from several Fed’s officials.

Central bankers are gathered in Jackson Hole Wyoming for the annual Symposium but in the absence of Fed’s Chair Yellen.

However, EUR/USD has shrugged off latest string of data, including German CPI, and US personal spending, and has continued to trade within its daily range. At time of writing, EUR/USD was trading at 1.1240, virtually unchanged on the day.

EUR/USD technical levels

In terms of technical levels, EUR/USD could find next supports at 1.1202/00 (Aug 27 low/psychological level) and 1.1135 (21-day SMA). On the flip side, resistances are seen at 1.1309 (Aug 28 high), 1.1317 (200-day SMA) and 1.1364 (Aug 27 high).
Aug 28, 2015

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