EUR/USD keeps highs near 1.1380

The single currency is sharply higher vs. the greenback at the beginning of the week, taking EUR/USD back to the vicinity of  the 1.14 handle.

EUR/USD up, risk aversion plummets

Spot met increasing buying pressure after the ‘Remain’ vote in the EU-UK Referendum has regained momentum over the weekend, boosting the risk-associated space.

The pair is up more than two big-figures since Thursday’s lows in the 1.1130 area, accompanying the sentiment around GBP and with eyes now on the 1.1400 handle in what will be a crucial week for the Sterling.

On the data front, German Producer Prices are due later, while the speech by FOMC’s Kashkari is expected later in the NA session.

EUR/USD levels to watch

The pair is now advancing 0.80% at 1.1367 and a break above 1.1417 (high Jun.8) would expose 1.1466 (high Apr.12) and then 1.1617 (2016 high May 3). On the other hand, the immediate support aligns at 1.1307 (55-day sma) followed by 1.1255 (20-day sma) and finally 1.1129 (low Jun.16).