EUR/USD struggles around 1.1200

EUR/USD managed to regain the 1.12 mark after briefly falling below during the American session as the dollar received another boost amid uncertainty and growing fears of a Brexit.

EUR/USD broke below the 100-day SMA and slid briefly below 1.1200 toward a fresh post May nonfarm payrolls low. However, the pair found support and managed to climb back to the 1.1210 zone where it is currently trading, still 0.7% below its opening price.

The Federal Reserve begins its two-day policy meeting today. Although investors have almost completely given up hopes of a June hike, July remains on the cards and attention will be on Fed’s wording, economic projections and changes in the ‘dots’.

EUR/USD levels to watch

As for technical levels, EUR/USD could find immediate supports at 1.1188 (Jun 14 low), 1.1135 (Jun 3 low) and then 1.1100 (200-day SMA/psychological level). On the other hand, resistances are seen at 1.1306 (50-day SMA), 1.1320 (Jun 10 high), 1.1415 (Jun 9 high) and 1.1445 (May 11 high).