EUR/USD stuck within range, around 1.1050

EUR/USD keeps consolidating in a narrow range today, still unable to gather further traction around the mid-1.1000s.

EUR/USD keeps the positive territory

Spot keeps the buoyant tone on Monday around the 1.1055/50 band amidst a generalized lack of clear direction in the global markets and with gains capped in the 1.1070 area.

In the data space, the next relevant event in Euroland will be July’s ZEW Survey in Germany and the EMU, to be released tomorrow and expected to deflate from June’s readings almost exclusively on ‘Brexit’ concerns.

EUR/USD levels to watch

The pair is now gaining 0.23% at 1.1054 facing the next hurdle at 1.1086 (200-day sma) followed by 1.1166 (high Jul.14) and then 1.1184 (high Jul.5). 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).