EUR/USD steady near lows, ISM data eyed

EUR/USD edged a few pips lower, but overall remained well within its daily range, following the release of better-than-expected US jobless claims data.

EUR/USD failed to sustain above the 1.1150 zone and slid back to the 1.1135 area, as investors’ attention turn to ISM manufacturing PMI data. At time of writing, the pair is trading at 1.1135, still down 0.19% on the day.

On the data front, US initial jobless claims rose by 2,000 to a seasonally adjusted 263,000 in the week ended Aug. 27, but stood below the 265,000 expected by analysts. Earlier during the European session, regional manufacturing PMIs disappointed investors, adding some pressure to the shared currency. 

EUR/USD technical levels

In terms of technical levels, immediate resistances could be found at 1.1171 (100-hour SMA), 1.1191 (Aug 30 high), 1.1215 (100-day SMA), 1.1230 (10-day SMA) and 1.1340 (Aug 26 high). On the other hand, next supports are seen at 1.1119 (200-day SMA), 1.1045 (Aug 5 low) and 1.1000 (psychological level).