EUR/USD remains capped by 1.1330

EUR/USD managed to reverse early losses and climbed to positive ground for the day during the New York session, although the upside was capped by the 1.1330 zone.

EUR/USD fell to a low of 1.1270 soon after the weekly opening but found support and it has been slowly inching higher ever since. The pair reached a high of 1.1330 in recent dealings and eased slightly to currently trade at 1.1315, virtually unchanged on the day.

There were no major data releases in Europe nor the US, leaving EUR/USD moving in tandem with broader market sentiment. Investors remain wary ahead of the Jackson Hole Symposium of central bankers, with main focus on Fed’s Yellen speech on Friday.

EUR/USD technical levels

As for technical levels, next resistances are seen at 1.1365 (Aug 18 high), 1.1400 (psychological level) and 1.1427 (Jun 24 high). On the other hand, supports could be faced at 1.1270 (Aug 22 low), 1.1232 (100-day SMA) and  1.1200 (psychological level).