The pair is also continuing the Asian consolidation box during the European session and is moving ahead and back in a narrow range of 15-pips in the absence of new economic advisers, as the markets remain unsettled before the Jacksin Hole Symposium.
While moving towards the European session, the US dollar is gaining ground again in the face of mainstream competitors, preferring to hold US currency by hitting the tables of European investors in reaction to the controversial news of Trump’s adviser Bannon
Meanwhile, the euro remains under pressure as the AMB minutes of the past week show that members of the Council are concerned about Euron’s appreciation and that incentives need to be bi-directional.
On the data front, the pair will closely monitor the German Bundesbank monthly report and the sentiment in the European stock exchanges, in the absence of any economic data to create a major market movement.
The EUR / USD pair is currently trading at 1.1747 with a 0.12% loss.
Significant technical levels for EUR / USD
1.1660 level support, 1.1800 (psychological level) may create resistance for parity.