EUR/USD wavers in tight range above 1.0600, US data - key

The EUR/USD pair extends its side-trend into early Europe, with a cautious tone persisting across the financial markets against the back drop of the geopolitical tensions surrounding North Korea.

The funding currency Euro benefits somewhat from wide-spread risk-aversion so far this session. However, the upside remains capped near 1.0625 region amid limited trading activity, as the European traders are on the side-lines, celebrating Easter holiday-break.

Later today, the EUR/USD pair could retest multi-month lows of 1.0570, below a break of 1.06 handle, should the US retail sales and CPI data come in upbeat. In the meantime, the range-trade may continue amid a lack of fresh fundamental triggers until the NA session.

EUR/USD Technical Levels

Technical resistances for the pair are aligned at 1.0650 (psychological levels), 1.0687/90 (Apr 6 & 5 high) and finally 1.0715 (March 13 high). On the flip side, the spot finds next support at 1.0600 (key support), a break below that level could open the door to 1.0568 (multi-month lows) and 1.0515/00 (classic S3/ round number).