EUR/USD clinches multi-day tops near 1.1700
- The pair advances further and trades closer to 1.1700.
- The greenback drops to daily lows around 94.40.
- German IFO survey came in mixed for the current month.
The European currency gains further buying interest on Monday and is now pushing EUR/USD to fresh multi-day peaks in the vicinity of 1.1700 the figure.
EUR/USD looks to risk trends, USD
The renewed softer tone around the greenback is allowing the pair to regain levels last seen since the ECB meeting a couple of weeks ago just below 1.1700 the figure.
The mild bias towards the risk-off sentiment keeps weighing on the buck via a lower USD/JPY and thus supporting the up move in spot despite mixed results from the euro docket earlier in the session.
Later in the session, US New Home Sales for the month of June will be the sole publication across the pond.
EUR/USD levels to watch
At the moment, the pair is gaining 0.27% at 1.1685 facing the next hurdle at 1.1718 (low Dec.12 2017) seconded by 1.1853 (high Jun.14) and finally 1.1854 (38.2% Fibo of the April-May drop). On the downside, a break below 1.1509 (low Jun.21) would target 1.1508 (2018 low May 29) en route to 1.1479 (low Jul.20 2017).