EUR/USD Bounces Off Lows, Struggles to Regain 1.1400
EUR/USD bounces off daily lows and managed to trim intraday losses at the beginning of the New York session.
After being rejected from the 1.1445 zone on Wednesday, EUR/USD
corrected lower and bottomed out at 1.1377 ahead of the Wall Street
opening. However, the euro managed to take back some intraday losses
following pound’s lead, and climbed back towards 1.1410 in recent
dealings.
EUR/USD levels to watch
As for technical levels, immediate resistances are seen at 1.1445 (May
11 high), 1.1478 (May 6 high) and 1.1529 (May 4 high). On the flip side,
supports could be found at 1.1360 (20-day SMA), 1.1297 (Apr 29 low) and
1.1290 (50-day SMA).
