EUR/USD advances to highs above 1.1170

The single currency keeps its buoyant tone on Monday, sending EUR/USD to the 1.1175/80 band, or session peaks.

EUR/USD attention to risk trends, US data

Spot extends its positive mood from last Friday following a softer tone around the greenback amidst thin trade conditions and depressed volatility.

No data expected today in Euroland, whereas TIC Flows, the NAHB index and the Empire State manufacturing index area all due later in the NA session.

In the positioning front, speculative net shorts in EUR have dropped to 3-week lows in the week ended on August 9, according to the latest CFTC report.

EUR/USD levels to watch

The pair is now up 0.08% at 1.1170 and a break above 1.1224 (high Aug.12) would open the door to 1.1236 (high Aug.2) and finally 1.1263 (50% Fibo of the May-June down move). On the flip side, the immediate support aligns at 1.1090 (200-day sma) ahead of 1.1043 (low Aug.5) and then 1.0950 (low Jul.25).