EUR/USD holds above 1.1100

EUR/USD was rejected from highs in the 1.1160/65 zone, and pulled back at the beginning of the NY session as the greenback took back losses.

EUR/USD pulled back from a peak of 1.1164 but with the downside contained by the 1.1095 area, the euro still clings to mild daily gains. At time of writing, the pair was trading at 1.1110, 0.19% above its opening price.

EUR/USD levels to watch

As for technical levels, immediate resistances 1.1185 (Jul 5 high) and 1.1229 (100-day SMA) ahead of 1.1300 (psychological level). On the flip side, support levels are seen at 1.1093 (200-day SMA), 1.1040 (Jul 13 low), 1.1014 (Jul 11 low) and 1.1000 (psychological level).