EUR/USD struggles around 1.1200

EUR/USD extended gains to fresh 3-day highs during the American session as the dollar weakened broadly, weighed by data showing manufacturing sector activity contracted in August.

EUR/USD gathered momentum and briefly rose above the 1.12 mark to hit a high of 1.1202 before pulling back slightly. The pair recovered from a low of 1.1127 scored during the European session on the back of Eurozone PMIs. It was last trading at 1.1197, up 0.37% on the day.

EUR/USD technical levels

In terms of technical levels, immediate resistances could be found at 1.1215 (100-day SMA), 1.1236 (10-day SMA) and 1.1340 (Aug 26 high). On the other hand, next supports are seen at 1.1119 (200-day SMA), 1.1045 (Aug 5 low) and 1.1000 (psychological level).