EUR/USD continues to struggle around 1.1150

Having peaked near 1.1155 region earlier on the day, the EUR/USD pair continues its struggle to rise above last so far this session.

EUR/USD bounces-off support near 1.1140

Currently, EUR/USD trades +0.29% higher at 1.1147, holding firmly above 200-DMA now located at 1.1121. The main currency pair extends its upside consolidation as the USD bears take a breather after the recent sell-off, amid a lack of fresh fundamental triggers in the European session. The USD index moved-off lows and wavers around 95.75 levels, still down -0.33% on the day.

However, the major manages to sustain at higher levels as demand for the borrowing currency euro remains intact in wake of negative sentiment seen on the European stock markets. The German DAX 30 drops -0.21%, while the pan-European benchmark, the Euro Stoxx 50 trades modestly lower.

Attention now turns towards the US fundamentals, with the US JOLTS job openings on the cards later today, while the German GDP and US retail sales data will be published on Friday.

EUR/USD Technical Levels             

In terms of technicals, the pair finds the immediate resistance 1.1196/1.1210 (daily R3/ 100-DMA). A break beyond the last, doors will open for a test of 1.1250 (psychological levels). On the flip side, the immediate support is placed at 1.1121/19 (200 & 50-DMA) below which 1.1107/00 (5-DMA/ round number) could be tested.