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EUR/USD wobbling around 1.1200

FXStreet (Edinburgh) - The single currency is posting marginal gains vs. the greenback on Tuesday, with EUR/USD currently navigating levels just shy of the 1.1200 handle.

EUR/USD focus on risk trends

Pretty flat session in Asia leaves the door open for a continuation of the sideline pattern into the European session today, as lack of data/events in Euroland and the US economy would surely prompt investors to look for direction on the risk appetite trends.

In the meantime, spot continues to correct lower from Friday’s peaks in the 1.1450 area, threatening to breach the key 1.1200 support on a more sustainable basis in a context where the greenback remains favorite amongst traders.

EUR/USD key levels

The pair is up 0.01% at 1.1191 with the initial support at 1.1182 (low Sep.22) followed by 1.1171 (low Sep.10) and finally 1.1131 (low Sep.9). On the flip side, a breakout of 1.1330 (high Sep.21) would aim for 1.1373 (high Sep.14) and then 1.1441 (high Sep.17).

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