EUR/USD under pressure, approaches to 1.1200

EUR/USD came under mild pressure at the beginning of the American session and made fresh lows for the day.

EUR/USD accelerated to the downside after breaking below the 1.1235 zone and hit a low of 1.1214 in recent dealings. At time of writing, the pair is trading at 1.1219, still 0.29% below its opening price.

The greenback has been on recovery mode on Tuesday as sentiment improved after the US Presidential debate between Hillary Clinton and Donald Trump. Clinton is seen as status quo candidate to follow Barack Obama. 

Later in the session, investors will be watching releases of S&P/Case-Shiller index, followed by Services PMI gauged by Markit and the CB’s Consumer Confidence along with a speech by FOMC’s VP Stanley Fischer.

EUR/USD levels to watch

In terms of technical levels, immediate supports are seen at 1.1187 (100-day SMA), 1.1155 (200-day SMA) and 1.1122 (Aug 31 & Sep 21 low). On the other hand, resistances could be faced at 1.1258 (Sep 27 high), 1.1283 (Sep 15 high), 1.1326 (Sep 8 high) and 1.1365 (Aug 18 high).