EUR/USD capped below 1.1200 amid holiday-thinned trades

The EUR/USD pair is seen consolidating the upside in the Asian morning, after having found near 1.1150 in the US session last Friday, as dust settles over the US jobs report aftermath.

EUR/USD in search of fresh triggers

Currently, EUR/USD trades -0.10% lower at 1.1190, unable to sustain above 1.12 handle. The main currency appears to have failed several attempts to rise above 1.12 barrier, as the US dollar remains better bid across the board amid improved risk-appetite, as Hillary Clinton is seen winning the second US election debate again. Meanwhile, the US dollar index trades +0.05% higher at 96.58, hovering near daily tops.

In the day ahead, the trading activity around EUR/USD is likely to remain largely subdued amid low volumes and minimal liquidity as the Japanese, Canadian and US markets remain closed on account of public holidays. Calendar-wise, nothing of relevance for the major in-stored today, except for the second-liner data in the German trade balance and Eurozone Sentix investor confidence.

EUR/USD Technical Levels

In terms of technicals, the pair finds the immediate resistance 1.1204/06 (20 & 10-DMA). A break beyond the last, doors will open for a test of 1.1221 (50-DMA) and from there to 1.1250 (psychological level). On the flip side, the immediate support is placed at 1.1168 (100-DMA) below which 1.1100 (round figure) and 1.1104 (2-month low) could be tested.