The pair EUR/USD trimmed some gains after the publication of data from the U.S., and is currently hovering around the area 1.1950/55.
The rise of EUR/USD lost momentum ahead of 1.2000
The pair remained apathetic after that the prices u.s. producers are below expectations in August. In fact, producer prices rose 0.2% mom during the last month and a 2.4% in the last twelve months.
Other data saw the prices of the main producers up to a 0.1 % monthly and 2.0% on an annualized basis.
Meanwhile, the pair continues pushing to go to the area of 1.2000, while the falls occasional still represent buying opportunities. This position is reinforced by the recent activity in the futures markets, EUR.
Levels of EUR/USD
At this time, the pair is losing 0.03% at 1.1963 with the next support at 1.1946 (SMA of 10 days) followed by 1.1888 (SMA 21 days) and then 1,1823 (minimum of 31 August). On the other hand, a break above 1.2041 (maximum of 11 September) would go to 1.2092 (maximum of 6 of September) en route to 1.2167 (50% Fibo of the fall 2014-2017).