EUR/USD stuck within range, around 1.1060

The shared currency keeps its bearish note intact on Tuesday, taking EUR/USD to the 1.1060/65 band for the time being.

EUR/USD looks to US data, risk trends

The pair remains entrenched in the negative territory today, partially reverting yesterday’s advance and re-shifting its focus to the key 200-day sma at 1.1084 as its interim target.

Poor results from the ZEW Survey showed German/EMU’s Economic Sentiment missing initial forecasts for the current month at -6.8 and -14.7 respectively, adding to EUR’s selling mood.

Across the pond, Housing Starts are expected followed by Building Permits fore the month of June.

EUR/USD levels to watch

The pair is now losing 0.14% at 1.1061 and 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). On the flip side, the initial up barrier aligns at 1.1084 (200-day sma) followed by 1.1166 (high Jul.14) and then 1.1184 (high Jul.5).