EUR/USD wobbles around 1.1900 post-US data

• Spot hovers over the 1.1900 handle on US data.
• US results came in mixed.
• Attention remains on Powell.

The single currency is now alternating gains with losses vs. the greenback on Tuesday, with EUR/USD gravitating around the key 1.1900 handle.

EUR/USD looks to Powell, Yellen

The pair remains unable to resume the upside for the time being, although it has so far managed well to rebound from daily lows in the vicinity of 1.1880 amidst today’s choppy performance of the buck.

On the USD side, the greenback eased some ground after briefly testing fresh daily highs above the 93.00 handle when tracked by the US Dollar Index (DXY). Mixed results from the US docket saw goods trade deficit widening to $68.3 billion in October, while wholesale inventories are expected to decrease 0.4% during the same period, more than initially expected.

Still in the US, house prices gauged by the S&P/Case-Shiller index rose at a non-seasonally-adjusted 6.2% on a year to September, surpassing prior surveys.

Ahead in the session, USD should stay under some pressure in light of the speech by the upcoming Fed Chair Jerome Powell, while Janet Yellen is expected to testify tomorrow.

EUR/USD levels to watch

At the moment, the pair is losing 0.07% at 1.1890 and a breakdown of 1.1822 (10-day sma) would open the door to 1.1777 (55-day sma) and finally 1.1713 (low Nov.21). On the other hand, the next hurdle lines up at 1.1961 (high Nov.27) followed by 1.2033 (high Sep.20) and then 1.2069 (high Aug.29).