EUR/USD clings to 1.1000

EUR/USD pulled back to negative territory for the day after a spike toward the 1.1030 area proved short-lived.

EUR/USD made an upward attempt at the beginning of the New York session but quickly retreated to the 1.1000 zone, where it is currently trading, 0.17% below its opening price.

In the absence of news or first-tier data, EUR/USD has been driven by market sentiment, with US dollar strength dominating along with a cautious stance ahead of the upcoming ECB meeting.

EUR/USD levels to watch

In terms of technical levels, EUR/USD could find next supports at 1.0970 (Jun 27 low), 1.0911 (post-Brexit low, Jun 24) and 1.0821 (Mar 10 low). On the flip side, resistances line up at  1.1086 (200-day SMA), 1.1164 (Jul 14 high) and then 1.1185 (Jul 5 high).