• EUR/USD holds mild losses on Monday after the previous week’s gains.
  • US Dollar Index rebounds slightly near 92.20, still below the last week’s high.
  • The Euro earlier gained on hawkish ECB members despite weaker data.

The EUR/USD pair has been tracking minor losses in the Asian session on the first trading of the fresh week. After testing the high above 1.1900 for the first time since August on Friday, the pair opened lower in today’s session.

At the time of writing, the EUR/USD is trading at 1.1871, down 0.08% for the day.

The US Dollar Index (DXY), which tracks the performance of the greenback against the six majors, rebounds near 92.00, which pushes EUR/USD into a lower trajectory.

The US economy added 372K new jobs in August. Much below the market expectations of 750K rise. The Unemployment Rate fell to 5.2% in August from the previous 5.4%.

The shared currency gained on the broad-based USD selling following the disappointing NFP data on Friday.

Investors bet on the single currency in the anticipation that European Central Bank (ECB) might start talking about limiting the emergency bond-buying. ECB Vice President Luis de Guindos remained positive about the bloc’s economic recovery and paving the way for the eventual withdrawal of the stimulus package.

Meanwhile, The European Union’s  (EU) Economic Commissioner Paolo Gentiloni warned that the ECB that tighter monetary policy would be a “ big mistake”.

Investors turn their attention to German Factory Orders, Construction Purchasing Managers Index (PMI), EU Construction PMI  data to take trade insight. 

EUR/USD additional levels


Today last price 1.1869
Today Daily Change -0.0015
Today Daily Change % -0.13
Today daily open 1.1884
Daily SMA20 1.1766
Daily SMA50 1.1806
Daily SMA100 1.1951
Daily SMA200 1.2004
Previous Daily High 1.1909
Previous Daily Low 1.1866
Previous Weekly High 1.1909
Previous Weekly Low 1.1783
Previous Monthly High 1.19
Previous Monthly Low 1.1664
Daily Fibonacci 38.2% 1.1893
Daily Fibonacci 61.8% 1.1882
Daily Pivot Point S1 1.1864
Daily Pivot Point S2 1.1843
Daily Pivot Point S3 1.1821
Daily Pivot Point R1 1.1907
Daily Pivot Point R2 1.193
Daily Pivot Point R3 1.195



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