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EUR/USD extends decline below 1.1200

FXStreet (Córdoba) - EUR/USD has continued to pull back during the American session as the greenback recovers ground amid no fundamental catalyst.

EUR/USD broke below the 1.12 mark and stretched to a low of 1.1173 where the 50-day SMA has provided support so far. At time of writing, the pair is trading at 1.1182, recording a 0.31% loss on the day.

Monday’s PMIs had little impact on the dollar as investors continue to assess the ugly nonfarm payrolls reading from last week. US economy added a mere 142K new jobs in September, far below the 203K expected.

EUR/USD levels to watch

In terms of technical levels, next supports are seen at 1.1150 (Oct 2 low) and 1.1138/35 (100-day SMA/Oct 2 low). On the other hand, immediate resistances could be found at 1.1288 (Oct 5 high), 1.1318 (Oct 2 high) and 1.1329 (Sep 21 high).

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