EUR/USD falls below 1.1200

EURUSDH4

The European currency is at the moment losing the grip against the dollar, pulling EUR/USD back below the 1.1200 level.

EUR/USD after US publications

The pair fell further after the US consumer sentiment estimated by the Reuters/Michigan index came in higher than expectations for the current month at 95.4 vs. 94.0 estimated. Further data showed Pending Home Sales growing 1.7% on a monthly basis in January, a tad lower than the consensus at 1.8%; in excess of the last twelve months, home sales increased 8.4%.

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EUR/USD relevant levels

As of writing the EURUSD pair is losing 0.02% at 1.1195 with the next support level at 1.1100 (sentimental level) ahead of 1.1098 (which is 11-year low Jan.26) and then 1.1047 (low Sep.8 2003).

On the other hand, a breakout of 1.1332 (10-d MA) would target 1.1349 (21-d MA) en route to 1.1380 (high Feb.26).

The European currency is at the moment losing the grip against the dollar, pulling EUR/USD back below the 1.1200 level. EUR/USD after US publications The pair fell further after the US consumer sentiment estimated by the Reuters/Michigan index came in higher than expectations for the current month at 95.4 vs. 94.0 estimated. Further data showed Pending Home Sales growing 1.7% on a monthly basis in January, a tad lower than the consensus at 1.8%; in excess of the last twelve months, home ...
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