EUR/USD bid around 1.1150, EMU data on sight

The shared currency keeps the bid tone intact today, taking EUR/USD to flirt with the upper end of the range in the 1.1150/60 band.

EUR/USD attention to EMU GDP, US data

The upside momentum in the greenback seems to have run out of legs in the boundaries of the 96.00 handle when tracked by the US Dollar Index, allowing spot to reclaims the area of daily highs near 1.1160.

Ahead in the session, EMU’s flsh Q2 GDP figures will be in the limelight followed by US Retail Sales for the month of July and the advanced print of the Consumer Sentiment for the current month.

EUR/USD levels to watch

The pair is now up 0.15% at 1.1155 and a break above 1.1193 (high Aug.10) would open the door to 1.1236 (high Aug.2) and finally 1.1263 (50% Fibo of the May-June down move). On the flip side, the immediate support aligns at 1.1085 (200-day sma) ahead of 1.1043 (low Aug.5) and then 1.0950 (low Jul.25).