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Pair is well supported above $1.0850 levels, made intraday high at $1.0859 and low at $1.0841 levels.
- Intraday bias remains neutral in the absence of any major economic events from Euro area.
- Yesterday ECB President Mario Draghi pledged his commitment to fulfil the bank's primary objective of 2% inflation through confidence building.
- Later today, US will publish CB consumer confidence data. Market expects unchanged data from the previous release.
- On the top side, resistance levels are seen at $ $1.0873 and $1.0940.
- Alternatively, on the other side support levels are seen around $1.0806 and $1.0764 levels.
