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EUR/USD comes lower to test 1.1200

FXStreet (Edinburgh) - EUR/USD has briefly turned negative for the day following the re-emergence of the selling interest around the European funding currency.

EUR/USD attention to US docket

The pair has come under renewed downside pressure at the beginning of the week, reverting the initial auspicious start and retreating more than a big-figure since post-Payrolls tops beyond 1.1300 the figure on Friday.

Spot keeps the downbeat momentum ahead of significant releases in the US calendar: ISM Non-manufacturing, Markit’s Services PMI and the Fed’s Labor Market Conditions Index.

EUR/USD levels to watch

As of writing the pair is advancing 0.04% at 1.1217 and a breakout of 1.1290 (high Oct.5) ahead of 1.1318 (high Oct.2) and then 1.1330 (high Sep.21). On the flip side, the immediate support lines up at 1.1207 (low Oct.5) followed by 1.1150 (low Oct.2) ahead of 1.1135 (low Oct.1).

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