EUR/USD moves to daily highs near 1.1350
- The upbeat tone remains unchanged around the pair today.
- The greenback extends the breakout of the 97.00 support.
- ECB-speak, Brexit, US Retail Sales to drive sentiment today.
EUR/USD extends its march north for yet another session and clinches tops in the 1.1350 region.
EUR/USD looks to Brexit, data, ECB
The pair is up for the third session in a row in the second half of the week, moving further north of the recently broke key barrier at 1.1300 the figure.
Easing concerns on the US-China trade front plus some optimistic headlines from the UE-UK negotiations over the Brexit deal have been collaborating with the upbeat tone in the risk-associated complex in past sessions, helping spot to sustain the bounce off recent 2018 lows in the vicinity of 1.1210.
Looking ahead, ECB’s P.Praet. B.Coeure and De Guindos are due to speak ahead of trade balance figures in Euroland for the month of September. Across the Atlantic, the Philly Fed index and October’s Retail Sales will be the salient releases.
EUR/USD levels to watch
At the moment, the pair is up 0.25% at 1.1338 facing the next hurdle at 1.1341 (high Nov.15) seconded by 1.1351 (10-day SMA) and then 1.1382 (21-day SMA). On the other hand, a break below 1.1214 (2018 low Nov.12) would target 1.1188 (61.8% Fibo retracement of the 2017-2018 up move) en route to 1.1118 (low Jun.20 2017).