EUR/USD approaches daily highs after US data

EUR/USD remained steady near daily highs following the release of lackluster US import prices data.

EUR/USD rose a few pips to the 1.1075/80 zone, where it is trading up 0.18% on the day, but still off its European session peak of 1.1084.

US data showed import prices increased 0.2% in June, below 0.5% expected, while export prices gained 0.8% above the 0.3% expected. A quiet session ahead with Fed’s Beige Book along with speeches by FOMC’s Harker and Kaplan scheduled.

EUR/USD levels to watch

As for technical levels, immediate resistances could be faced 1.1092 (200-day SMA), 1.1125 (Jul 12 high), 1.1185 (Jul 5 high) and then 1.1227 (100-day SMA). On the flip side, support levels are seen at 1.1014 (Jul 11 low), 1.1000 (psychological level), 1.0911 (post-Brexit low Jun.24) and 1.0820 (Mar 10 low).