The EUR/USD pair appears to have found some support just ahead of 1.11 handle and recovers ground somewhat over the last hours amid ongoing risk-off trades. EUR/USD confined below 5-DMA Currently, EUR/USD trades -0.18% lower at 1.1111, languishing near daily lows reached at 1.1105. The main currency pair keeps losses as the recovery attempts are seen meeting supply near 5-DMA at 1.1121. The risk-on rally seen in the equities coupled with the broad based US dollar strength, keeps the EUR/USD recovery capped. However, the downside also remains cushioned and the pair manages to hold onto 1.11 handle as the strong gains in the EUR/GBP cross continue to underpin the common currency. EUR/GBP consolidates around 0.7780, recording a 0.70% gain so far. The ongoing weakness surrounding the cable on Brexit news is helping the rally in EUR/GBP. Markets now await a raft of flash manufacturing and services PMI reports from across the Euro area economies as also the US manufacturing PMI report due later in the NY session. EUR/USD Technical Levels In terms of technicals, the pair finds the immediate resistance at 1.1150/53 (psychological levels/ Feb 18 High). A break beyond the last, doors will open for a test of 1.1197/1.1200 (1h 200-SMA/ round number). On the flip side, the immediate support is placed at 1.1084 (Feb 8 Low) below which at 1.1068/64 (Feb 18 & 19 Low) could be tested. For more information, read our latest forex news.