EUR/USD flat near 1.1150 ahead of US data

The common currency is trading almost unchanged vs. the dollar today, taking EUR/USD to the 1.1150/60 band ahead of the US calendar.

EUR/USD looks to extend the upside

The pair is posting marginal gains so far, eroding at the same time the key 6-month rising channel around 1.1170/80 in a context where the risk-aversion theme keeps prevailing amongst market participants.

In the data space, final June Services PMIs in Euroland have surprised to the upside, lending extra support to EUR. Across the pond, US Factory Orders are due next followed by the speech by FOMC’s Dudley.

EUR/USD levels to watch

The pair is now gaining 0.02% at 1.1156 and a break above 1.1177 (base of the 6-month up-channel) would target 1.1202 (20-day sma) en route to 1.1266 (55-day sma). On the other hand, the immediate support aligns at 1.0913 (post-Brexit low Jun.24) ahead of 1.0820 (low Mar.10) and finally 1.0709 (low Jan.5).