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2 Feb 2015
EUR/USD remains capped by 1.1360
FXStreet (Córdoba) - EUR/USD found support once again at the 1.1300 zone and bounced toward fresh session highs, as disappointing US data weighed on the greenback.
EUR/USD climbed to a high of 1.1361 as the dollar retreated following below-expectations ISM manufacturing PMI and construction spending data. However, the pair found resistance at the 10-day SMA and pulled back somewhat. At time of writing, EUR/USD is trading at 1.1340, still up 0.55% on the day.
EUR/USD levels to watch
In terms of technical levels, if EUR/USD breaks above 1.1360, next resistances are seen at 1.1400 (psychological level) and 1.1422 (Jan 27 high). On the other hand, supports could be found at 1.1290 (daily low) and 1.1260 (Jan 29 low).
EUR/USD climbed to a high of 1.1361 as the dollar retreated following below-expectations ISM manufacturing PMI and construction spending data. However, the pair found resistance at the 10-day SMA and pulled back somewhat. At time of writing, EUR/USD is trading at 1.1340, still up 0.55% on the day.
EUR/USD levels to watch
In terms of technical levels, if EUR/USD breaks above 1.1360, next resistances are seen at 1.1400 (psychological level) and 1.1422 (Jan 27 high). On the other hand, supports could be found at 1.1290 (daily low) and 1.1260 (Jan 29 low).