The pair reverts the initial pessimism and moves to session tops. A bout of USD-selling sent DXY to fresh daily lows in sub-97.00 levels. US NFIB index drops to 101.2, lowest in Trump administration. After recording fresh 2019 lows in the 1.1260/55 in early trade, EUR/USD managed to regain some traction via USD-weakness and is now flirting with daily highs near 1.1300 the figure. EUR/USD bolstered by USD-selling, risk Spot is consolidating the bullish attempt after falling as low as the vicinity of 1.1250, always tracking the change of heart in the risk-associated complex, particularly in response to rising hopes of a probable US-China trade deal. In addition, yesterday’s deal in the US political arena is expected to prevent another government shutdown and is also propping up the upbeat mood in the global markets. In the US docket, the NFIB index dropped to the lowest level since Trump assumed office, while December JOLTs Job Openings and the API report are due later. In addition, Fed’s J.Powell and KC Fed E.George are due to speak. What to look for around EUR/USD Both the ECB and European Commission are now confirming the slowdown in the euro bloc following their recent revised projections for economic growth and inflation, acknowledging at the same time that the ongoing deceleration in fundamentals could be longer than expected. Adding to this picture, Germany could have likely entered into recession in Q4, while the apparent recovery in the autos sector in recent months would not be enough to spark the immediate rebound in the first economy of the bloc. In addition, political concerns remain well and sound following the recent Italy-France dispute with the ‘yellow-vests’ in centre stage ahead of the key EU parliamentary elections in May. All in all, it seems the start of the ECB tightening cycle has to wait longer within the current state of things in the region and abroad, leaving EUR exposed to a bumpy road ahead and prone to further weakness. EUR/USD levels to watch At the moment, the pair is gaining 0.17% at 1.1294 facing the next hurdle at 1.1356 (23.6% Fibo of the September-November drop) seconded by 1.1386 (55-day SMA) and finally 1.1420 (100-day SMA). On the other hand, a break below 1.1257 (2019 low Feb.12) would target 1.1215 (2018 low Nov.12) en route to 1.1118 (monthly low Jun.20 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 FXStreet News share Read Next US: Alternative high frequency data sets confirm ongoing decent momentum – Westpac FX Street 3 years The pair reverts the initial pessimism and moves to session tops. A bout of USD-selling sent DXY to fresh daily lows in sub-97.00 levels. US NFIB index drops to 101.2, lowest in Trump administration. After recording fresh 2019 lows in the 1.1260/55 in early trade, EUR/USD managed to regain some traction via USD-weakness and is now flirting with daily highs near 1.1300 the figure. EUR/USD bolstered by USD-selling, risk Spot is consolidating the bullish attempt after falling as low as the vicinity of 1.1250, always tracking the change of heart in the risk-associated complex, particularly in response to rising hopes… 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.