EUR/USD unable to regain 1.1000

Ani Salama FXStreet

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).

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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