• EUR/USD bounced to 1.1048 after hitting session lows at 1.0960 and is currently consolidating above 1.1000 
  
  
• The pair edged higher supported by good results from the ZEW Survey in Germany and the euro area
  
  
• Increasing selling interest in the greenback also supporting the pair higher, longer term bias still with the bears 
  
  
• EUR/USD is currently at 1.1044, with immediate resistance located at 1.1050 (Session High Aug 11), while support is seen at 1.0955 (10/21 DMAs)
  
  
• Close below converged 10/21-day MAs at 1.0955 likely to put downside back in focus
  
  

Resistance levels:

R3: 1.1114 (Daily High Jul 31)

R2: 1.1083 (55 DMA)

R1: 1.1050 (Session High Aug 11)

Support levels:

S1: 1.0955 (10/21 DMAs)

S2: 1.0945 (200 HMA)

S3: 1.0926 (Daily Low Aug 10)