EUR/USD hits fresh highs but remains limited

EUR/USD  continued to rise during the low volume American session amid a US holiday. The pair printed a fresh daily high at 1.1155 and it was trading around 1.1150, less than 30 pips above Friday’s closing price.

EUR/USD limited

The pair traded all day in a modest range. It bottomed during the Asian session at 1.1095 and then bounced to the upside. It traded all day within Friday’s range.

The euro continues to move with an upside bias, recovering after the decline that followed the UK referendum. Despite rising for the fourth time of the last five trading days, it accumulated a gain of less than 150 pips.

EUR/USD technical levels

To the upside, resistance level might be located at 1.1155 (daily high), 1.1190 (June 24 low) and 1.1230 (June 22 low). On the opposite direction, support could be seen at 1.1095 (daily low), 1.1020 (June 30 low) and 1.0965 (June 27 low).