EUR/USD unchanged on US data, near 1.1220

By FXStreet FXStreet (Edinburgh) – The single currency has given away some pips after the US releases today, with EUR/USD retreating to the 1.1220 handle.

EUR/USD off highs post-US data

The pair has abandoned the area of session tops near 1.1240 despite the US trade deficit has widened to $48.33 billion during August, missing estimates and coming down from July’s deficit at $41.81 billion.

Next of relevance in the pair will be the speeches by ECB’s M.Draghi and FOMC’s J.Williams.

EUR/USD levels to watch

As of writing the pair is advancing 0.29% at 1.1221 and a breakout of 1.1301 (200-d ema) would target 1.1318 (high Oct.2) en route to 1.1330 (high Sep.21). On the flip side, the immediate support lines up at 11.72 (low Oct.6) followed by 1.1150 (low Oct.2) ahead of 1.1135 (low Oct.1).
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Source:: FX Street