EUR/USD testing highs near 1.1170, US data eyed

The offered tone behind the USD appears to have picked-up pace in the mid-European session, now pushing the EUR/USD pair higher to test the daily tops.

EUR/USD takes-out 200-DMA barrier at 1.1161

Currently, EUR/USD trades +0.18% higher and flirts with session highs printed at 1.1169. The main currency pair is now attempting to extend the break above 200-DMA amid persisting broad USD selling backed by positions re-adjustment, as the US traders return after an extended Labour Day holiday.

Meanwhile, the EUR/USD pair shrugged-off less-than forecast German factory orders data as well as in-line with expectations Eurozone revised GDP figures, as the major awaits the upcoming US macro data for fresh impetus.

EUR/USD Technical Levels               

In terms of technicals, the pair finds the immediate resistance 1.1200 (round number). A break beyond the last, doors will open for a test of 1.1230 (20-DMA). On the flip side, the immediate support is placed at 1.1127 (daily S1) below which 1.1100 (psychological levels) could be tested.