EUR/USD remains in ranges below 1.1100

EUR/USD  moved off highs during the last hour but it continues to trade in a range with a modest bearish bias. Prince since the European session has been moving between 1.1100 and 1.1050. When it appeared to move to break 1.1100, US economic data gave some momentum to the US dollar.

Most currencies pair are showing limited moves on Thursday while equity prices in Europe and in the US are rising; government bond yields are moving off record low levels.

The euro continues to consolidate against Greenback. After falling sharply on Wednesday it attempted to recover but it was rejected from above 1.1100. After today’s US data, now attentions turns toward tomorrow’s NFP.

EUR/USD technical levels

In the short-term, resistance levels are seen at 1.1100/05 (New York high / 100-hour SMA), 1.1120 (July 5 low) and 1.1155 (June 30 high). On the opposite direction, support could be located at 1.1055 (daily low), 1.1020 (July 6 low) and 1.0970 (June 27 low).