EUR/USD firmer, on its way to 1.1300

The single currency is gathering further traction today, now lifting EUR/USD to the vicinity of the 1.1300 handle.

EUR/USD attention to Yellen, US data

A better tone in the risk-associated space is now spreading into the global markets, helping spot to advance to fresh highs in the 1.1290/1.1300 band.

Collaborating with the upside, the greenback seems to have resumed its weekly bearish momentum, breaking below the key support at 94.00 the figure when tracked by the US Dollar Index.

Later in the NA session, US Existing Home Sales is due followed by another testimony by Chair J.Yellen and the EIA’s report on crude oil inventories.

EUR/USD levels to watch

The pair is now advancing 0.45% at 1.1292 and a break above 1.1302 (55-day sma) would open the door to 1.1338 (downtrend from 1.1617) and finally 1.1417 (high Jun.8). On the other hand, the immediate support aligns at 1.1186 (uptrend from 1.0820) followed by 1.1129 (low Jun.16) and finally 1.1100 (200-day sma).