EUR/USD climbs to highs near 1.1090

The shared currency is gathering further traction today, lifting EUR/USD to the area of daily highs in the 1.1085/90 band.

EUR/USD attention to summit, data

Spot is advancing for the second session in a row as market sentiment continues to favour the riskier assets after the opening bell in Euroland, although the upside remains so far limited just above the 1.1100 mark.

In the meantime, the EU Leaders Summit will take centre stage later in the day, where leaders will discuss the decision of the UK to stop being a member of the European Union.

Data wise in the region, German preliminary inflation figures for the current month will be the main highlight, followed by PCE results, Personal Income/Spending and Pending Home Sales, all due across the pond.

EUR/USD levels to watch

The pair is now gaining 0.21% at 1.1087 and a break above 1.1129 (low Jun.16) would target 1.1233 (100-day sma) en route to 1.1250 (20-day sma). On the other hand, the immediate support aligns at 1.0913 followed by 1.0820 (low Mar.10) and finally 1.0709 (low Jan.5).