EUR/USD testing lows near 1.1270

By FXStreet FXStreet (Edinburgh) – The single currency has deflated from session highs above 1.1300 the figure vs. the greenback, with EUR/USD now hovering over the 1.1260 region.

EUR/USD stronger ahead of FOMC

The pair is closing the week on a positive note after two consecutive pullbacks, returning to the 1.1300 neighbourhood and extending the rebound from recent lows in the 1.1080 region.

In the data space, German final consumer prices posted no surprises during August from their preliminary figures, advancing 0.2% on a yearly basis. Ahead in the session, US Producer Prices and the Reuters/Michigan index will take centre stage.

EUR/USD key levels

The pair is retreating 0.08% at 1.1370 with the immediate support at 1.1311 (low Sep.11) ahead of 1.1147 (low Sep.9) followed by 1.1089 (low Sep.4) and finally 1.1057 (low Aug.12). On the other hand, a breakout of 1.1311 (high Sep.11) would open the door 1.1332 (high Sep.1) and then 1.1364 (high Aug.27).
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Source:: FX Street