EUR/USD eases from highs, back near 1.1180

After an ephemeral visit to the vicinity of the 1.1200 handle, EUR/USD has deflated to the current 1.1185/80 band.

EUR/USD stronger after Fed

The greenback keeps suffering the steady stance from the FOMC at today’s meeting, helping spot to briefly test daily highs in the proximity of the 1.1200 barrier although the up move lacked of follow through.

The pair’s upside found oxygen despite the Committee reiterated that the case for further tightening has gathered traction, while Yellen added that the November meeting will be a ‘live’ one.

Looking ahead, advanced Consumer Sentiment for the current month and preliminary PMIs in the euro region along with the speech by M.Draghi will be the salient points tomorrow and on Friday in Euroland.

EUR/USD levels to watch

The pair is now gaining 0.33% at 1.1188 facing the next hurdle at 1.1216 (high Sep.20) followed by 1.1283 (resistance line off 2016 high) and finally 1.1329 (high Sep.8). On the flip side, a breakdown of 1.1121 (low Aug.31) would target 1.1043