EUR/USD clings to gains above 1.1300

EUR/USD has entered a quieter phase near 2-month highs scored earlier, as the dollar takes a breather following sharp declines across the board on the back of FOMC minutes, which were released on Wednesday.

The greenback weakened following quite balanced FOMC minutes, which disappointed markets that were looking for a more hawkish stance. A string of supportive US data released today did little for the dollar, that only recovered a few pips.

EUR/USD climbed to its highest level in nearly two months at 1.1337, matching Jun 22 high, but then lost momentum and steadied in a range just above the 1.13 mark. At time of writing, EUR/USD is trading at 1.1328, recording a 0.37% gain on the day.

EUR/USD levels to consider

As for technical levels, next resistances could be found at 1.1337 (Jun 22 & Aug 18 high), 1.1382 (Jun 20 high) and 1.1427 (Jun 24 high). On the other hand, supports are seen at 1.1283 (Aug 18 low), 1.1227 (100-day SMA) and 1.1153 (Aug 15 low).