EUR/USD holds up above 1.1300, for now

EUR/USD gave up early gains and dipped into the red during the American session as the dollar gained momentum following better-than-expected housing data.

EUR/USD pulled back from a peak of 1.1354 scored on the back of supportive Eurozone data, and slid to a low of 1.1304 in recent dealings. However, the pair has managed to hold above the 1.13 mark so far. At time of writing, EUR/USD is trading at 1.1310, 0.1% below its opening price.

Main focus remains on Jackson Hole Symposium of central bankers, where Federal Reserve Chair Yellen will speak on Friday.

EUR/USD technical levels

As for technical levels, next supports could be faced at 1.1270 (Aug 22 low), 1.1225 (100-day SMA) and  1.1200 (psychological level). On the other hand, resistances are seen at 1.1365 (Aug 18 high), 1.1400 (psychological level) and 1.1427 (Jun 24 high).