EUR/USD hits fresh daily highs

EUR/USD climbed to fresh daily highs after recovering from 3-week lows, as the dollar weakened versus majors competitors during the New York session.

EUR/USD managed to turn positive after finding support at the 1.1120 zone, having climbed to a fresh daily peak of 1.1165. At time of writing, the pair is trading at 1.1155, 0.12% above its opening price.

Overall, markets remain in wait-and-see mode after Yellen hinted at more tightening in Jackson Hole last week as investors await NFP report next Friday.

EUR/USD technical levels

In terms of technical levels, immediate resistances could be found at 1.1191 (Aug 30 high), 1.1215 (100-day SMA), 1.1250 (10-day SMA) and 1.1340 (Aug 26 high). On the other hand, next supports are seen at 1.1116 (200-day SMA), 1.1045 (Aug 5 low) and 1.1000 (psychological level).