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9 Sep 2015
EUR/USD regains 1.1200, erases daily losses
FXStreet (Córdoba) - The euro is once again staging a late comeback against the dollar minutes ahead of the Wall Street closing bell.
EUR/USD dropped to a daily low of 1.1130 earlier on the day but found support at the 100-day SMA and even though initially was capped by the 1.1180 zone, it managed to regain the 1.1200 level in recent dealings.
Having scored a session peak of 1.1205, EUR/USD is currently trading at 1.1203, virtually unchanged on the day.
EUR/USD key levels
As for technical levels, next resistances line up at 1.1215 (Sep 9 high), 1.1229 (Sep 8 high), 1.1243 (Sep 3 high) and then 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).
EUR/USD dropped to a daily low of 1.1130 earlier on the day but found support at the 100-day SMA and even though initially was capped by the 1.1180 zone, it managed to regain the 1.1200 level in recent dealings.
Having scored a session peak of 1.1205, EUR/USD is currently trading at 1.1203, virtually unchanged on the day.
EUR/USD key levels
As for technical levels, next resistances line up at 1.1215 (Sep 9 high), 1.1229 (Sep 8 high), 1.1243 (Sep 3 high) and then 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).