EUR/USD bounces off lows and trims losses

By FXStreet FXStreet (Córdoba) – EUR/USD bounced from lows and managed to trim intraday losses at the beginning of the American session.

EUR/USD managed to find support just above the 100-day SMA and recovered ground as the dollar failed to benefit from better-than-expected US JOLTS Job Openings data. EUR/USD climbed to the 1.1175 zone, but remained in negative ground for the day. At time of writing, the pair is trading at 1.1170, down 0.27% on the day.

The calendar is quite empty for the rest of the session, while tomorrow inflation figures from a few Eurozone members will be released. On the other side of teh Atlantic, US data includes initial jobless claims, export/import prices and wholesales inventories.

EUR/USD levels to watch

In terms of technical levels, next resistances are seen at 1.1215 (Sep 9 high) and 1.1229 (Sep 8 high) ahead of 1.1243 (Sep 3 high) and 1.1259 (200-day SMA). On the flip side, supports could be found at 1.1125 (100-day SMA), 1.1086 (Sep 3 low) and then 1.1058 (Aug 17 low).
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Source:: FX Street