EUR/USD immune to headlines, hovers around 1.1050

EUR/USD has continued to waver within a limited range during the New York session after being rejected from highs in the 1.1075 zone.

EUR/USD retreated from a peak of 1.1074 to a session low of 1.1035 before the downside was contained and it was last trading at 1.1055, a few pips above its opening price.

Despite several headlines crossing the wires regarding Italian banks, UK getting a new Prime Minister and EU Commission reducing growth forecasts for UK and Eurozone, EUR/USD has remained resilient within its recent range.

EUR/USD levels to watch

As for technical levels, immediate resistances could be faced 1.1074 (Jul 11 high), 1.1119 (Jul 7 high), 1.1185 (Jul 5 high) and then 1.1225 (100-day SMA). On the flip side, support levels are seen at  1.1014 (Jul 11 low), 1.1000 (psychological level), 1.0913 (post-Brexit low Jun.24) and then 1.0820 (Mar 10 low).