EUR/USD stuck in a narrow trading band around 200-DMA

The EUR/USD pair faded a recovery spike close to 1.1100 handle and turned back to Monday's closing level to continue with its range-bound trading action around 200-day SMA region. 

Earlier on Tuesday, the US Dollar continued to benefit from last week's strong NFP print, dragging the pair to session low at 1.1070. However, a broad retracement in the greenback helped the pair to erase early losses and turn back into positive territory. The momentum, however, failed to lift the pair through 1.1100 handle.

In absence of any major economic releases, the pair remained stuck within a 35-40 pips narrow trading range and deriving its move from a broader sentiment surrounding the greenback. 

Next on tap would be the US non-farm productivity data due later during the NA session, which could provide some immediate momentum play for short-term traders.

Technical levels to watch

A sustained weakness below 1.1070-60 zone would confirm a break down and drag the pair immediately towards 1.1030 intermediate support before heading towards 1.1000 psychological mark support. 

On the flip side, a decisive move above 1.1100-1.1105 immediate resistance area is likely to boost the pair towards 1.1150 and 1.1180 intermediate resistance levels. A follow through buying interest should now assist the pair back above 1.1200 handle and lift it towards retesting recent swing highs resistance near 1.1230-35 region.