EUR/USD climbs back above 1.1200

By FXStreet FXStreet (Córdoba) – EUR/USD has edged a few pips higher at the beginning of the New York session, extending its recovery from European session lows as the dollar weakened slightly following a series of US data.

Even though US initial jobless claims declined last week, import and export prices fell more than anticipated. Separated data showed, wholesale inventories unexpectedly fell in July, but it failed to help the greenback.

EUR/USD rose more than half a cent over the last hours, climbing from a low of 1.1171 toward the 1.1220 zone. At time of writing, the pair is trading at 1.1215, just a few pips above its opening price.

EUR/USD levels to watch

As for technical levels, immediate resistances line up at 1.1243 (Sep 10 & 3 highs), 1.1254 (200-day SMA) and 1.1331 (Sep 1 high). On the flip side, supports are seen at 1.1171 (Sep 10 low), 1.1130 (Sep 9 low/100-day SMA) and 1.1086 (Sep 3 low).
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Source:: FX Street