EUR/USD off highs near 1.1320, US data eyed

The shared currency remains in the positive territory on Monday, with EUR/USDnavigating in the upper end of the range in the 1.1320/30 band.

EUR/USD focus on risk trends

With the greenback trading almost unchanged at the beginning of the week, the pair’s price action hinges exclusively on the risk appetite trends, at least in the very near term and ahead of the FOMC minutes due on Wednesday.

Crude oil prices remain on the rise so far, posting fresh 2016 tops in levels last seen in November 2015 above the $47.00 mark, all giving extra support to the riskier assets.

Later in the NA session, US NY Empire State index, the NAHB index and TIC Flows are all due ahead of the speech by FOMC’s Kashkari.

EUR/USD levels to watch

The pair is now advancing 0.05% at 1.1319 and a break above 1.1448 (high May 11) would target 1.1615 (2016 high May 3) en route to 1.1713 (high Aug.24 2015). On the other hand, the immediate support lines up at 1.1281 (low May 13) followed by 1.1213 (low Apr.25) and finally 1.1142 (low Mar.24).