EUR/USD retakes 1.1100 and above

The buying interest around the common currency is now attempting a come back, lifting EUR/USD back above the 1.1100 handle, albeit still with marginal losses.

EUR/USD attention to ECB, Brexit

Spot has recovered the area above 1.1100 the figure although sentiment remains slightly tilted towards the risk aversion, with the greenback in a tepid recovery-mode so far when tracked by the US Dollar Index.

Meanwhile, the aftermath of the ‘Brexit’ vote will remain the exclusive driver for the broader risk trends, with market participants also paying attention to the announcement of the candidates for the Conservative Party leadership, Theresa May and Boris Johnson.

EUR/USD levels to watch

The pair is now losing 0.10% at 1.1113 and a break below 1.0913 (post-Brexit low Jun.24) would open the door to 1.0820 (low Mar.10) and finally 1.0709 (low Jan.5). On the other hand, the initial resistance aligns at 1.1128 (high Jun.29) followed by 1.1248 (20-day sma) en route to 1.1279 (55-day sma).