EUR/USD off highs, near 1.1180 ahead of US data

The shared currency has managed to rebound from weekly lows in the 1.1130 area vs. the dollar on Thursday, now lifting EUR/USD to the 1.1180/90 band.

EUR/USD looks to US docket

Spot is advancing for the second consecutive session so far, backed by a persistent offered tone around the US dollar and at the same time recovering from the recent drop to 3-month lows in the 1.1130 region.

The European calendar is empty of relevant events today, prompting investors to look for clues across the pond, where Durable Goods Orders, Pending Home Sales and Initial Claims area all due along with speeches by FOMC’s Bullard and Powell.

EUR/USD levels to watch

The pair is now advancing 0.22% at 1.1179 and a break above 1.1246 (high May 23) would aim for 1.1303 (55-day sma) and finally 1.1331 (20-day sma). On the other hand, the immediate support lines up at 1.1129 (low May 24) followed by 1.1103 (200-day sma) and then 1.1055 (low Mar.16).