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EUR/USD supported at 200-DMA


EUR/USD trades 0.06% higher at 1.1039, having failed to extend beyond 1.1049, daily highs. The main currency is seen well bid above 1.10 handle amid chatter of resting bids placed earlier on the electronic platforms at 1.1000 levels, while the recovery attempts run through fresh offers near 1.1050 levels.
Markets now look forward to the German final GDP data ahead of the Ifo surveys due later in the upcoming European session ahead. While the sentiment on the European stocks will be also tracked before the US consumer confidence and housing data due later today.


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