EUR/USD rises above 1.1200 after ISM manufacturing index

By FXStreet FXStreet (Córdoba) – EUR/USD extended the recovery to near 1.1200 during the American session, as the dollar weakened broadly following a string of mainly disappointing US data.

Data showed, initial jobless claims rose more than expected last week to 277K, while the ISM manufacturing index fell short of expectations in September, printing 50.2 versus 50.6 expected and below 51.1 the previous month.

EUR/USD picked up pace and climbed to a high of 1.1205 before the 100-hour SMA capped the rise, with the greenback underperforming across the board. At time of writing, the pair is trading at 1.1195, still up 0.19% on the day and having bounced from a low of 1.1134.

EUR/USD levels to watch

On the upside, next resistances are seen at 1.1205 (100-hour SMA/Oct 1 high) and 1.1230 (21-day SMA). On the other hand, supports could be faced at 1.1134 (Oct 1 low) and 1.1115 (Sep 25 low).
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Source:: FX Street