EUR/USD slips to the 1.1330 area

The common currency keeps losing upside traction today, now sending EUR/USD to the 1.1330 area.

EUR/USD down from 1.1380

Sellers seem to have turned out around session tops in the 1.1380/1.1400 band in early trade, prompting spot to surrender part of the initial gains and retreat to the current area near 1.1320.

In the meantime, the risk-on sentiment remains well and sound in the global markets, bolstered by increasing hopes of a ‘Stay’ win at the UK-EU Referendum on June 23.

EUR/USD levels to watch

The pair is now advancing 0.45% at 1.1328 and a break above 1.1383 (high Jun.20) would target 1.1417 (high Jun.8) en route to 1.1466 (high Apr.12). On the other hand, the immediate support aligns at 1.1307 (55-day sma) followed by 1.1255 (20-day sma) and finally 1.1129 (low Jun.16).