EUR/USD under pressure, hits 4-day lows

EUR/USD came under renewed pressure over the last minutes and hit fresh lows after breaking below the 1.1150 support area.

EUR/USD slid to a fresh 4-day low of 1.1139 amid thin trading volume given that US markets remain closed in observance of the Labor Day. 

The pair was rejected from a daily high of 1.1182 during the European session amid broad USD weakness on the back of Friday’s NFP report. However, the dollar shrugged-off the negative sentiment and managed to recover ground.

EUR/USD levels to watch

At time of writing, EUR/USD is trading at 1.1145, down 0.1% on the day. In terms of technical levels, immediate supports are seen at 1.1135 (50-day SMA), 1.1125 (200-day SMA) and 1.1045 (Aug 5 low). On the flip side, resistances could be found at 1.1203 (10-day SMA), 1.1251 (Sep 2 high), 1.1300 (psychological level) and 1.1340 (Aug 26 high).