EUR/USD moves toward daily lows

EUR/USD is back headed toward daily lows, after repeatedly failing to extend gains beyond the 1.1190 area on Thursday.

Broad dollar strength dragged EUR/USD to a low of 1.1135 during the European session, from where it bounced, only to find sellers at the 1.1180 zone. The pair has fallen all the way back to 1.1145, where it was last trading, 0.26% below its opening price. 

Data releases in both the Eurozone and the US economy passed largely unnoticed, leaving EUR/USD in the search for direction. On Friday, main economic releases include several European GDP, including EMU, German CPI and US retail sales.

EUR/USD levels to watch

In terms of technical levels, next resistances are seen at 1.1190 (Aug 11 high), 1.1229 (100-day SMA), 1.1300 (psychological level) and 1.1337 (Jun 27 high). On the other hand, supports could be found at 1.1080 (200-day SMA), 1.1045 (Aug 5 low), 1.0951 (Jul 25 low) and 1.0911 (Jun 24 low).