EUR/USD moves to tops above the 1.10 handle. German trade surplus shrunk to €18.1 billion in August. Markets’ focus remains on US CPI, US-China trade. Another bout of USD-selling is now lifting EUR/USD to fresh monthly highs beyond the critical barrier at 1.10 the figure. EUR/USD higher on USD weakness The pair is now picking up extra pace and surpassed the 1.10 handle following the persistent selling bias in the Greenback, which has forced the US Dollar Index to recede to the 98.80 region, or 3-day lows. The squeeze higher in spot comes despite EuroGroup’s Centeno reiterated that the economic outlook on the region faces increasing risks, particularly from Brexit. Moving forward, investors will closely follow the developments from the US-China trade talks, expected to resume later today in Washington. Speculations of a deal have been mounting in past hours, particularly after Chinese officials left the door open for some sort of a partial deal. Data wise today, the German trade surplus shrunk more than expected to €18.1 billion during August, with Exports contracting 1.8% and Imports expanding 0.5%. Across the pond, all the attention will be on the release of inflation figures gauged by the CPI for the month of September. What to look for around EUR The pair has finally surpassed the critical juncture at the 1.10 handle amidst the continuation of the correction lower in the US Dollar. Looking at the broader picture, the relentless slowdown in the region does nothing but justify the ‘looser for longer’ monetary stance by the ECB and the bearish view on the single currency for the next months. On another front, potential US tariffs on imports of EU cars remain well on the table, while the Brexit limbo and UK politics also adds to the current negative view. EUR/USD levels to watch At the moment, the pair is advancing 0.42% at 1.1017 and faces the next resistance at 1.1055 (55-day SMA) seconded by 1.1109 (monthly high Sep.13) and finally 1.1143 (100-day SMA). On the downside, a breakdown of 1.0958 (10-day SMA) would target 1.0879 (2019 low Oct.1) en route to 1.0839 (monthly low May 11 2017). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Forex News Today: Daily Trading News share Read Next FOMC committee remains very divided – Danske Bank FX Street 3 years EUR/USD moves to tops above the 1.10 handle. German trade surplus shrunk to €18.1 billion in August. Markets' focus remains on US CPI, US-China trade. Another bout of USD-selling is now lifting EUR/USD to fresh monthly highs beyond the critical barrier at 1.10 the figure. EUR/USD higher on USD weakness The pair is now picking up extra pace and surpassed the 1.10 handle following the persistent selling bias in the Greenback, which has forced the US Dollar Index to recede to the 98.80 region, or 3-day lows. The squeeze higher in spot comes despite EuroGroup's Centeno reiterated that the economic… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.