EUR/USD at the 1.3800 level.

US macro updates dragged EUR/USD to daily low at 1.1132 and the daily high couldn’t move above 1.1171. The pair is still under pressure around the support at 1.1100 (200-day EMA).
 
The pair closed around 1.1130/40 zone, almost unchanged from yesterday. Upside still limited to 1.12 level, and downside support level can be found at 1.109, very tight range for now.
 
The euro recorded a volatile session against the dollar on Tuesday. Although the pair varied widely in the end opening price session was similar to the closing price, respectively, 1.1136 and 1.1131. Bulls prevailed in the early hours and the peak for the day was marked at 1.1172. Short-term expectations remain in favour of the euro. Support is seen at 1.1069 and 1.0998. Resistance is located at 1.1226, followed by 1.1291.
 
Yesterday EURUSD tried to rally but found enough yet again enough resistance at 1.1164 the 10-day moving average to turn around and close near the low of the day however managed to close within the previous day range, which suggests being slightly on the bearish side of neutral.

The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.

The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1164 (resistance), a swing low at 1.1141 (resistance), a daily support at 1.1097 and the 200-day moving average at 1.1070 (Support).
 
Euro/Dollar attempted to rise higher yesterday, topped at 1.1173 but dropped down after, it closed lower at 1.1130 and hit 1.1113 earlier this morning. Trading signals remain down for testing the lower line of the bullish channel and 1.1100 - 1.1050 area. On the upside, key intraday resistance remains at 1.1180 (200 day EMA). A clear break and daily close above this level could trigger further bullish pressure testing 1.1250 or higher. On the downside, a clear break and daily close below 1.1050 would reactivate its bearish pattern with targets near 1.0800.
 
The euro fell against the US dollar on Tuesday to 1.1132, shedding 0.06%. Support is now at around 1.1096 - Monday's low, and resistance is likely to make the level of 1.1218 - maximum of Thursday.
 
Today, the dollar fluctuates slightly below the maximum of two months to a basket of major currencies after a series of mixed economic data from the United States a little tempered expectations Fed rate to rise in the near future. The euro weakened 0.1 percent to $ 1.1119, staying above the minimum of 2.5 months set on Monday.
 
On Wednesday, the dollar is lower against other major currencies as well as mixed US economic reports that were released in the previous session, continue to put pressure on the dollar. Ambiguous data prompted investors to slightly revise expectations for timing the next Fed rate increase. The EUR/USD rose 0.24% to 1.1159.
 
Despite the bullish move today EUR/USD still couldn't break above 1.1180. It looks very undecided now and it will likely remain that way until the fundamentals tomorrow.
 
Dollar remain under pressure ahead of ECB economic policy meeting early Thursday, the pair has limited downside movement. On the upside I'm waiting for break out of 1.12 psychological resistance level.
 
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