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      EUR/USD bounces off 1.1150, back to 1.1200

      FXStreet (Edinburgh) - After bottoming out in the mid-1.1100s, EUR/USD has gathered traction and is now hovering over the 1.1200 handle.

      EUR/USD capped by 1.1200

      The pair has returned to the 1.1200 neighbourhood after testing 2-week troughs in the 1.1155/50 band in early trade, in a context where the US dollar remains bid and extending its moderate recovery from last Friday.

      Spot continues to navigate in the red territory moved by the risk appetite trends amidst absent key releases in both Euroland and the US economy. The prevailing tone remains bearish however, while market participants keep assessing a potential rate hike next month or at the December meeting after the recent Fed’s no-decision.

      EUR/USD key levels

      The pair is up 0.08% at 1.1199 and a breakout of 1.1330 (high Sep.21) would aim for 1.1373 (high Sep.14) and then 1.1441 (high Sep.17). On the other hand, the next support aligns at 1.1155 (low Sep.22) followed by 1.1131 (low Sep.9) and finally 1.1089 (low Sep.4).

      Euro Stoxx tracks metal prices, drops almost 2%

      The European stocks fell sharply on Tuesday as investors tracked metal prices, which traded weak, ignoring the bounce in the US and Chinese stock markets.
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      EUR/JPY: upside appears limited – Commerzbank

      In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the upside in the cross as limited...
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