EUR/USD back above 1.0900, daily highs

The buying interest around the single currency has now picked up extra pace, taking EUR/USD back above 1.0900 the figure, or fresh daily highs.

EUR/USD stronger, USD plummets

The pair has abruptly reverted the negative sentiment and is now recording 3-day highs above the 1.0900 handle after the disappointing results from the US docket, where inflation figures gauged by the CPI and Retail Sales came in below expectations in April.

The greenback, in terms of the US Dollar Index, is quickly fading the recent advance and is threatening to visit the critical area in the 99.00 neighbourhood, where sit the 200-day sma and the 12-month support line.

Later in the NA session, the advanced gauge of May’s Consumer Sentiment is due along with the speech by Dallas Fed P.Harker (voter, hawkish).

EUR/USD levels to watch

At the moment, the pair is advancing 0.51% at 1.0917 and a break above 1.0935 (high May 9) would target 1.0951 (high Apr.26) en route to 1.1024 (2017 high May 8). On the flip side, the next support aligns at 1.0838 (low May 11) seconded by 1.0826 (200-day sma) and finally 1.0819 (low Apr.24).