EUR/USD falters ahead of 1.1200

EUR/USD reached fresh daily highs at the beginning of the New York session but found resistance ahead of the 1.12 mark and pulled back slightly. 

The euro benefitted from strong EUR/GBP advance, and reached a high of 1.1185 against the dollar before pulling back slightly. At time of writing, the pair is trading at 1.1173, still up 0.1% on the day.

On the data front, US Empire State Manufacturing Index came in well below expectations, printing -4.21 in August versus +2.5% expected. Meanwhile, most European markets remain closed in observance of the Assumption Day.

EUR/USD technical levels

In terms of technical levels, next resistances are seen at 1.1190 (Aug 11 high), 1.1228 (100-day SMA), 1.1300 (psychological level) and 1.1337 (Jun 27 high). On the other hand, supports could be found at 1.1142 (50-day SMA), 1.1111 (Aug 10 low) and 1.1080 (200-day SMA).