EUR/USD flirting with 1.11 on US data

EUR/USD keeps the daily range following today’s releases in the US docket, currently testing the 1.1090/1.1100 band.

EUR/USD gains capped by 1.1100

The pair’s upside momentum is extending for another session today, backed by the broad-based sentiment favouring the risk-associated assets after the sharp sell-off post-‘Brexit’ vote.

Spot paid little-to-nil attention to the US calendar, where Pesonal Income rose below expectations 0.2% in May and Personal Spending matched estimates rising 0.4% during the same period.

Further data saw inflation figures gauged by the Core PCE advancing 0.2% inter-month and 1.6% on a yearly basis, both prints matching consensus.

EUR/USD levels to watch

The pair is now gaining 0.33% at 1.1101 and a break above 1.1129 (low Jun.16) would target 1.1233 (100-day sma) en route to 1.1250 (20-day sma). On the other hand, the immediate support aligns at 1.0913 followed by 1.0820 (low Mar.10) and finally 1.0709 (low Jan.5).