EUR/USD back and forth below 1.1300

EUR/USD continues to move back and forth, now staging a bounce from session lows as pairs continue to track mood swings in the absence of first-tier data and as investors keep a cautious stance ahead of the Fed meeting.

EUR/USD precipitated to session lows but quickly changed course and rose more than half a cent to a fresh daily peak of 1.1293. At time of writing, the pair is trading at 1.1289, up 0.28% on the day.

EUR/USD levels to watch

As for technical levels, EUR/USD could find immediate resistances at 1.1310 (50-day SMA), 1.1320 (Jun 10 high), 1.1415 (Jun 9 high) and 1.1445 (May 11 high). On the other hand, supports are seen at 1.1212 (100-day SMA),  1.1135 (Jun 3 low) and then 1.1100 (200-day SMA/psychological level).