EUR/USD continues to seesaw in a limited range around 1.1200 on Tuesday, unable to trigger directional moves as investors continue to assess the latest batch of US data and Fed’s members comments ahead of the FOMC meeting next week.
EUR/USD managed to inch a tad higher at the beginning of the American session and printed a daily peak of 1.1260 in recent dealings, although overall it continues to trade within familiar ranges. At time of writing, the pair is trading at 1.1248, up 0.12% on the day.
In terms of technical levels, immediate resistances are seen at 1.1284 (Sep 9 high), 1.1326 (Sep 8 high), 1.1340 (Aug 26 high) and 1.1365 (Aug 18 high). On the opposite direction, supports line up at 1.1209 (100-day SMA), 1.1140 (200-day SMA) and 1.1100 (psychological level).