EUR/USD finds support near the 200-day sma at 1.1160

The selling bias remains unchanged around the shared currency at the end of the week, with EUR/USD now looking to stabilize around the 1.1160/70 band.

EUR/USD focus on DB, US data

The demand for the shared currency remains subdued on Friday, as headlines surrounding the Deutsche Bank has been weighing on sentiment throughout the week and helped the pair to re-test the area of 1.1170/60, daily lows and where is located the critical 200-day sma.

Mixed results from advanced inflation figures in the euro region for the month of September have passed largely unnoticed today, while all the attention remained on the headlines coming from the German lender.

Later in the NA session, US inflation figures measured by the PCE are due along with Personal Income/Spending, the Chicago Fed PMI and the final September print from the Reuters/Michigan index. In addition, Dallas Fed R.Kaplan (2017 voter, neutral) is also due to speak.

EUR/USD levels to watch

The pair is now losing 0.41% at 1.1173 facing the immediate support at 1.1161 (200-day sma) followed by 1.1127 (2014-2016 support line) and then 1.1043 (low Aug.5). On the flip side, a break above 1.1271 (resistance line off 2016 high) would target 1.1279 (high Sep.26) en route to 1.1329 (high Sep.8).