EUR/USD extends slide toward 1.1050

A stronger US dollar across the board pushed EUR/USD further to the downside during the American session. The pair printed a fresh daily low at 1.1052. From the highs, it has fallen almost a hundred pips.

The intraday tone turned bearish as the US dollar gained momentum across the board after US data and amid a decline in equity prices on Wall Street.

EUR/USD technical levels

Price is back near the price it had back on Monday. Today it broke several short-term supports suggesting an end to the rally of the previous days.  Earlier today it approached 1.1150 but turned to the downside and it was again rejected from above 1.1130.

To the upside resistance levels might be located at 1.1095 (20-hour moving average), 1.1130, 1.1165  (July 14 high), and 1.1185 (July 5 high). On the flip side, support could be seen at 1.1040 (July 13 low), 1.1020 (June 30 low) and 1.1000 (psychological / July 8 low).