EUR/USD wobbles around 1.1270, session tops

The shared currency remains buoyant today, with EUR/USD hovering over session highs in the 1.1270/80 band.

EUR/USD sustained by risk aversion

Spot keeps its daily gains in the 1.1270/80 region as the risk-off environment continue to prevail at the beginning of the week.

In addition, EUR is deriving extra support from the upside tone in EUR/GBP after the Sterling took a hit following fears of the UK leaving the European Union at the June 23 referendum.

In the data space, EMU’s Industrial Production is due tomorrow, followed by Trade Balance results on Wednesday and final CPI figures for the month of May on Thursday.

EUR/USD levels to watch

The pair is now advancing 0.17% at 1.1271 and a break above 1.1315 (55-day sma) would target 1.1417 (high Jun.8) en route to 1.1448 (high May 11). On the other hand, the immediate support aligns at 1.1232 (low Jun.13) followed by 1.1154 (up trend from March low) and then 1.1096 (low May 30).