EUR/USD flirts with highs near 1.1100

The single currency is extending its upside momentum today, now pushing EUR/USD to test the upper bound of the range near 1.1100 the figure.

EUR/USD testing the 200-day sma

Spot has gathered further traction along with an improvement in the risk-associated space, looking to re-test the vicinity of the critical 200-day sma around the 1.1100 handle.

Nothing worth mentioning data wise in Euroland, with final CPI figures in Germany matching preliminary readings for the month of June. Across the pond, FOMC’s Tarullo and Bullard (voters) are due to speak later in the NA session.

EUR/USD levels to watch

The pair is now gaining 0.24% at 1.1086 facing the next hurdle at 1.1092 (200-day sma) followed by 1.1192 (base of the 6-month rising channel) and finally 1.1233 (61.8% Fibo post-Brexit move). On the other hand, a breakdown of 1.0999 (low Jul.8) would open the door to 1.0913 (post-Brexit low Jun.24) and then 1.0820 (low Mar.10).