EUR/USD firm around 1.1960, session peaks

• Spot gained extra upside in the European afternoon.
• USD sell-off remains unabated.
• US yields plummets to fresh lows near 2.32%.

The solid buying interest around the European currency stays well and sound so far today, pushing EUR/USD to fresh tops in the 1.1950/60 band.

EUR/USD looks to US politics, FOMC’s Powell

The pair is advancing for the fifth consecutive sessions on Monday and is flirting with fresh 2-month peaks in the vicinity of the 1.1960 area, all amidst a continuation of the sharp pullback around the buck.

In fact, the greenback remains under heavy pressure today, extending the bearish note for the second session in a row to levels last seen in late September in the mid-92.00s.

Nothing scheduled in the European docket today apart from a speech by ECB’s V.Constancio. Across the pond, October’s new home sales are only due along with a speech by Minneapolis Fed N.Kashkari (voter, dovish).

EUR/USD levels to watch

At the moment, the pair is up 0.18% at 1.1952 and a breakout of 1.2000 (psychological level) would target 1.2033 (high Sep.20) en route to 1.2069 (high Aug.29). On the other hand, the immediate support is located at 1.1815 (10-day sma) seconded by 1.1779 (55-day sma) and finally 1.1713 (low Nov.21).