EUR/USD extends gains, eyes 1.1300

By FXStreet FXStreet (Córdoba) – EUR/USD climbed further at the beginning of the American session and printed fresh 3-day highs as the dollar continues to underperform following a mixed bag of US data.

EUR/USD broke above 1.1250 and stretched to a peak of 1.1277 and continues to aim higher highs. At time of writing, the pair was trading at 1.1270, recording a 0.76% daily gain and having erased almost completely previous weekly losses.

The latest string of US data had little impact on the dollar. Now market attention now turns to Fed Chair Yellen speech scheduled for 21:00 GMT, while tomorrow the US Bureau of Economic Analysis will release second revision for Q2 GDP.

EUR/USD technical levels

In terms of technical levels, on the upside next resistances are seen at 1.1300 (psychological level) and .1329 (Sep 21 high). On the downside, supports could be found at 1.1164 (Sep 24 low) and 1.1145 (100-day SMA) ahead of 1.1104 (Sep 23 low).
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Source:: FX Street