Spot gains traction and advances to the mid-1.1200s. DXY remains offered in the 97.35/30 band ahead of housing data. German IFO survey next of relevance on Wednesday. The buying interest around the European currency remains intact at the beginning of the week and is now lifting EUR/USD to the area of fresh tops around 1.1250. EUR/USD met support near 1.1220 Spot has managed to so far leave behind last week’s miserable prints from advanced manufacturing PMIs in core Euroland for the current month, bouncing off lows in the vicinity of the 1.1220 region seen last Thursday. A renewed selling bias is hovering around the greenback today, prompting the US Dollar Index to give away part of last week’s gains to the 97.40/50 band amidst some consolidative mood in both US yields and their spread vs. the German Bunds. Data wise in the euro area, the key German IFO survey is due on Wednesday, with investors looking forward to see whether the ongoing slowdown in the region, and particularly in Germany, has lost – or accelerated – momentum. What to look for around EUR The broad-based risk-appetite trends are posed to rule the sentiment surrounding the European currency for the time being, while the onoging US-China trade dispute and potential deal expected to remain in centre stage in the next weeks. Recent weak results from key fundamentals in the region plus a now unlikely rebound in the activity in the second half of the year have added to the ongoing concerns that the slowdown in the region could last longer that expected and the ECB is therefore likely to remain ‘neutral/dovish’ for the foreseeable future (say until mid-2020?). On the political front, headwinds are expected to emerge in light of the upcoming EU parliamentary elections in late May, as the populist option in the form of the far-right and the far-left movements appears to keep swelling among voting countries. EUR/USD levels to watch At the moment, the pair is up 0.09% at 1.1250 and a breakout of 1.1323 (high Apr.17) would target 1.1338 (200-week SMA) en route to 1.1341 (100-day SMA). On the flip side, initial contention emerges at 1.1226 (low Apr.18) seconded by 1.1183 (low Apr.2) and finally 1.1176 (low Mar.7). 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 Asia: Current growth slowdown close to a trough? – ANZ FX Street 4 years Spot gains traction and advances to the mid-1.1200s. DXY remains offered in the 97.35/30 band ahead of housing data. German IFO survey next of relevance on Wednesday. The buying interest around the European currency remains intact at the beginning of the week and is now lifting EUR/USD to the area of fresh tops around 1.1250. EUR/USD met support near 1.1220 Spot has managed to so far leave behind last week's miserable prints from advanced manufacturing PMIs in core Euroland for the current month, bouncing off lows in the vicinity of the 1.1220 region seen last Thursday. A renewed selling bias… 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.