The shared currency keeps its positive footing today, now taking EUR/USD to the 1.1200 area a tad lower than earlier highs at 1.1210.
EUR/USD unchanged on US data
Spot eased some pips after US Pending Home Sales have surprised markets to the upside during February, expanding 3.5% and leaving behind January’s 3.0% contraction.
The data follow precious mixed results from US advanced trade balance figures, Personal Income/Spending and inflation gauged by the PCE.
In the meantime, the pair is recovering part of last week’s 2-cent pullback, coming down from recent peaks in the mid-1.1300s posted in mid-March.
EUR/USD levels to watch
The pair is now advancing 0.32% at 1.1202 and a break above 1.1344 (high Mar.17) would target 1.1378 (2016 high Feb.11) en route to 1.1496 (monthly high Oct.15 2015). On the other hand, the next support lines up at 1.1126 (20-day sma) ahead of 1.1099 (50% Fibo of 1.1379-1.0820) and finally 1.1039 (200-day sma).
(Market News Provided by FXstreet)