EUR/USD recovers from daily lows, attempts to regain 1.1100

EUR/USD managed to recover from daily lows, scored on the back of BoE’s Carney dovish comments and reports suggesting the ECB could loose QE rules.

EUR/USD fell about 100 pips amid BoE/ECB headlines and bottomed out at 1.1023 before finding support and taking back some losses. At time of writing, the pair was trading at 1.1095, still down 0.24% on the day.

Despite divergent policy outlooks - unless until the game changer Brexit vote - EUR/USD holds into positive ground year-to-date, up over 2% from 1.0865 where it closed Dec 31st 2015.

EUR/USD levels to watch

As for technical levels, immediate resistances could be found at 1.1154 (Jun 29 high), 1.1173 (10-day SMA), 1.1229 (100-day SMA) and 1.1271 (50-day SMA). On the other hand, supports are seen at  1.1023 (Jun 30 low), 1.0970 (Jun 27 low) and 1.0911 (Jun 24 low).