EUR/USD fails to benefit from upbeat German IFO Business Survey and holds its range below 1.1150, as broad-based US dollar strength amid trade deal uncertainty continues to cap the upside.
The pair is currently trading at 1.1134, representing a 0.13% drop on the day, having faced rejection at the 200-day average at 1.1151 during the Asian trading hours.
The upbeat German IFO numbers served had virtually no impact on the Euro, leaving in the familiar range between 1.1125-1.1150 levels. The spot hit fresh session lows of 1.1127 pre-data release and now trades at 1.1135, down -0.13% on the day.
R1 R2 S1 S2
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1.1175 1.1200 1.1125 1.1100
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