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EUR/USD breaks below 1.1200

FXStreet (Córdoba) - EUR/USD extended intraday weakness and dropped below the 1.12 mark to hit fresh 11-day lows, after staging a sharp setback from post-FOMC highs at 1.1459.

The dollar has continued to recover ground against the euro, dragging EUR/USD below the 200-day SMA to a low of 1.1185 in recent dealings, with no clear catalysts for the move. EUR/USD is currently trading at 1.1190, 0.88% or 100 pips below Friday’s close.

EUR/USD levels to watch

As for technical levels, EUR/USD could find next supports at 1.1171 (Sep 10 low) and 1.1147 (100-day SMA). On the other hand, resistances are seen at 1.1217 (200-day SMA) and 1.1329 (Sep 21 high).

USD/CHF reverses and approaches last week highs

USD/CHF rebounded at 0.9640 and turned to the upside, accelerating during the last hours. Recently reached at 0.9738 the highest level since last Wednesday. Price is above the level it had before the FOMC decision of last week.
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