EUR/USD struggles above 1.1200 ahead of data

The shared currency left the area of recent tops vs. the greenback around 1.1230 and is now pushing EUR/USD to test the 1.1210 area, near session lows.

EUR/USD attention to EMU, US data

The pair clinched fresh peaks beyond the 1.1200 handle on Tuesday following a continuation of the selling interest around the US dollar, although the up move seems to have run out of steam in the 1.1230 area for the time being.

Busy day in both Euroland and the US today, as final prints of Services PMI for the month of July are due followed by Retail Sales in the euro area. Across the pond, the ADP report and the ISM Non-manufacturing will take centre stage.

EUR/USD levels to watch

The pair is now losing 0.09% at 1.1214 facing the initial hurdle at 1.1233 (high Aug.2) followed by 1.1238 (100-day sma) and then 1.1283 (base of the 8-month rising channel). On the flip side, a breakdown of 1.1170 (55-day sma) would open the door to 1.1078 (200-day sma) and finally 1.0950 (low Jul.25).