EUR/USD holds up above 1.1300

EUR/USD pulled back from recent highs but the downside was contained ahead of the 1.13 mark, confining the pair to a phase of consolidation.

In the absence of major releases, main driven across markets has been a broad Dollar recovery, which dragged EUR/USD to a low of 1.1303 before the greenback lost momentum. At time of writing, EUR/USD is trading at 1.1320, recording a 0.28% loss on the day. However, the pair is still on track for a weekly gain.

EUR/USD levels to consider

As for technical levels, next supports are seen at 1.1283 (Aug 18 low), 1.1226 (100-day SMA) and 1.1153 (Aug 15 low). On the flip side, resistances could be faced at 1.1365 ( Aug 18 high), 1.1382 (Jun 20 high) and 1.1427 (Jun 24 high).