The pair fails near 1.1340, waking up sellers. The greenback extends the rebound from recent lows. French, German final CPI next on tap ahead of Brexit vote. After climbing to fresh tops in the vicinity of 1.1340, EUR/USD has now come under some selling pressure and recedes to the 1.1310 area ahead of the opening bell in Euroland. EUR/USD looks to data, Brexit Positive risk appetite trends have helped spot to rebound from last week’s YTD lows in the 1.1180 region to yesterday’s fresh tops in the boundaries of 1.1340, all on the back of renewed weakness hitting the buck since the start of the week. In addition, the positive momentum around the British Pound on Brexit developments was also sustaining the upbeat sentiment in the risk-associated complex. In the data sphere, French and German final CPI figures for the month of February are coming up next ahead of New Home Sales, Initial Claims and Export/Import Prices due across the pond during the NA session. In addition, another Brexit vote, this time on the extension of Article 50, is expected to pass at the House of Commons this evening, opening the door for a continuation of the negotiations for at least a couple of extra months. What to look for around EUR Market participants appear to have already adjusted to the recent and renewed dovish stance from the ECB, focusing instead on the broad risk-appetite trends as the main driver of the price action in the near term. In the longer run, the performance of the economy in the region should remain in centre stage along with prospects of re-assessment of the ECB’s monetary policy. In this regard, it is worth mentioning that investors keep pricing in the first rate hike by the central bank at some point in H2 2019. On the political front, headwinds are expected to emerge in light of the upcoming EU parliamentary elections, where the focus of attention will be on the potential increase of the populist option among voters. EUR/USD levels to watch At the moment, the pair is losing 0.07% at 1.1317 and a break below 1.1291 (10-day SMA) would target 1.1176 (2019 low Mar.7) en route to 1.1118 (monthly low Jun.20 2017). On the flip side, the next hurdle lines up at 1.1338 (high Mar.13) seconded by 1.1369 (55-day SMA) and finally 1.1419 (high Feb.14). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next FX option expiries for Mar 14 NY cut FX Street 4 years The pair fails near 1.1340, waking up sellers. The greenback extends the rebound from recent lows. French, German final CPI next on tap ahead of Brexit vote. After climbing to fresh tops in the vicinity of 1.1340, EUR/USD has now come under some selling pressure and recedes to the 1.1310 area ahead of the opening bell in Euroland. EUR/USD looks to data, Brexit Positive risk appetite trends have helped spot to rebound from last week's YTD lows in the 1.1180 region to yesterday's fresh tops in the boundaries of 1.1340, all on the back of renewed weakness hitting the buck… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.