EUR/USD pushes higher above 1.1100

The upside momentum in the shared currency is now gathering extra steam, sending EUR/USD further north of the 1.1100 barrier, or session tops.

EUR/USD firmer as risk-on sentiment surges

The pair met further buying interest today as sentiment around the riskier assets continue to swell, surpassing the key 200-day sma around 1.1100 the figure and posting at the same time fresh multi-day peaks.

In the meantime, risk appetite trends are poised to keep driving sentiment ahead in the session, with global markets focusing on the Japanese stimulus package and UK’s political arena, where new PM Theresa May is expected to picking her cabinet and gearing up for upcoming ‘Brexit’ talks.

EUR/USD levels to watch

The pair is now gaining 0.49% at 1.1112 facing the next hurdle at 11.49 (20-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).