EUR/USD slides back below 1.1300

The US dollar has took back some of its intraday losses against major peers, dragging EUR/USD off daily highs following better-than-expected US housing data.

EUR/USD pulled back from a high of 1.1337and slid below the 1.1300 level, with disappointing Eurozone consumer confidence also weighing. The pair found support at the 200-hour SMA at the 1.1270 zone, and it was last trading at 1.1282, still up 0.37% on the day.

Meanwhile, Fed’s Chair Janet Yellen testified before the Congress for a second day but added nothing really new. Yellen talked about slowing global growth weighing but said she doesn’t want to send a message of pessimism about the US economy. She also said that Brexit vote is a risk and they are monitoring developments.

All eyes remain on the UK referendum on EU membership that will take place tomorrow. Optimism of a 'Bremai' was offset recently after Opinium poll showedthe ‘leave’ camp slightly ahead with 45% vs 44% for the stay.

EUR/USD levels to watch

As for technical levels, EUR/USD could find next resistances at 1.1349 (Jun 21 high), 1.1382 (Jun 20 high) and 1.1415 (Jun 9 high). On the other hand, supports are seen at 1.1235 (100-day SMA), 1.1130 (Jun 16 low) and 1.1102 (200-day SMA).