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    EUR/USD advances to highs near 1.1370 Pablo Piovano

    The single currency has gathered further traction vs. its American counterpart today, pushing EUR/USD to the area of 1.1270/80.EUR/USD sustained by risk aversionThe pair is snapping a 3-session negative streak today, bouncing off overnight lows in the 1.1230 area following a pick up in the risk aversion in the global markets. Caution ahead of this week’s central banks’ meeting, the likeliness of ‘Brexit’ and the Orlando shootings has been all weighing on sentiment.Nothing expected data wise in Euroland or the US today, while Spanish and Italian CPI figures and EMU’s Industrial Production are due tomorrow ahead of US Retail Sales.Further data from the latest CFTC report showed speculative net shorts in EUR have increased to levels last seen in mid-March during the week ended on June 7.EUR/USD levels to watchThe pair is now advancing 0.12% at 1.1265 and a break above 1.1315 (55-day sma) would target 1.1417 (high Jun.8) en route to 1.1448 (high May 11). On the other hand, the immediate support aligns at 1.1232 (low Jun.13) followed by 1.1154 (up trend from March low) and then 1.1096 (low May 30). 

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