EUR/USD retraces gains but holds above 1.1300

EUR/USD has retraced most of its daily gains over the last hours but managed to hold above the 1.1300 level, with market focus on the upcoming Brexit vote next Thursday.

EUR/USD rose to a high of 1.1382 on Monday as polls showing that the ‘remain’ camp was gaining ground helped to ease anxiety among investors, which weighed on the dollar.

However, EUR/USD retreated from highs to currently trade around 1.1313, still 0.31% above its Friday’s close.

EUR/USD levels to watch

As for technical levels, EUR/USD could find next resistances at 1.1382 (Jun 20 high), 1.1415 (Jun 9 high), 1.1445 (May 11 high) and 1.1478 (May 6 high). On the other hand, supports are seen at 1.1297 (50-day SMA), 1.1230 (100-day SMA) and 1.1130 (Jun 16 low).