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EUR/USD nearly flat in data light European Calendar

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. 
  • Market Data
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