EUR/USD stuck around 1.1200, waiting for triggers

EUR/USD has entered a quieter phase on Friday, following steep gains seen over the previous sessions after the Fed decided to maintain its monetary policy unchanged.

EUR/USD has been trading in a 30-pip range around 1.12 throughout the day, unable to trigger a directional move. The pair struck a daily high of 1.1224 and it was last trading around 1.1215, still a few pips above its opening price.

Euro’s upside path was tempered by mixed PMI figures from the Eurozone. On the other side on the Atlantic, several Fed members are due to speak, which will attract investors’ attention alongside with US September’s manufacturing PMI gauged by Markit. 

EUR/USD levels to watch

In terms of technical levels, immediate resistances are seen at 1.1256 (Sep 22 high), 1.1283 (Sep 15 high), 1.1326 (Sep 8 high) and 1.1365 (Aug 18 high). On the flip side, supports could be found at 1.1189 (100-day SMA), 1.1150 (200-day SMA) and 1.1122 (Aug 31 & Sep 21 low).