EUR/USD off lows, wobbling around 1.1100

The common currency left the area of daily highs above the 1.1100 handle today, now dragging EUR/USD back to the 1.1100/1.1090 area.

EUR/USD muted on data

The pair kept the composure after EMU’s Business and Consumer Survey, Business Climate and Services Sentiment have all come in above expectations for the current month, somewhat mitigating potential concerns over the effects of the recent ‘Brexit’ vote.

In the meantime, the pair keeps the upbeat tone amidst the persistent selling bias around the dollar, intensified after yesterday’s unexpected dovish tone at the FOMC meeting.

EUR/USD levels to watch

The pair is now gaining 0.31% at 1.1094 facing the initial hurdle at 1.1166 (high Jul.14) followed by 1.1184 (high Jul.5) and then 1.1253 (base of the 7-month rising channel). On the flip side, a breakdown of 1.0950 (low Jul.25) would target 1.0913 (post-Brexit low Jun.24) en route to 1.0820 (low Mar.10).