EUR/USD unable to regain 1.1000
|EUR/USD has pushed a tad higher and climbed to fresh session highs, although momentum was tame, leaving the pair below the 1.10 mark.
EUR/USD climbed to 1.0985 after rejection from European session highs was contained by the 1.0965 area. At time of writing, the pair is trading at 1.0983, up 0.1% on the day.
The euro was lifted by upbeat German IFO data during the European trade and reached a peak of 1.0995 before entering a quieter phase. In the absence of top-notch data, investors attention now turns to Fed meeting on Wednesday.
EUR/USD technical levels
On the upside, next resistances are seen at 1.1038 (10-day SMA), 1.1080 (200-day SMA), 1.1164 (Jul 14 high) and then 1.1185 (Jul 5 high). On the downside, supports could be found at 1.0951 (Jul 25 low), 1.0911 (post-Brexit low, Jun 24) and 1.0821 (Mar 10 low).
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