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    EUR/USD remains capped below 1.1150 in early Europe

    The EUR/USD pair extends its side-trend into early European trading, unable to cling onto gains as sellers queued up near 1.1150 barrier amid improved risk sentiment.EUR/USD supported at 5, 10-DMA confluence at 1.1125Currently, EUR/USD now trades almost unchanged at 1.1137, having posted session tops at 1.1145 earlier on the day. The main currency pair continues to move back and forth in a 20-pips narrow range as we head into the European morning, trading directionless in search of fresh impetus from the sentiment on the European open as well as from the Eurozone datasets.Moreover, a better risk tone in the markets amid higher equities and commodities’ prices, also keeps the funding currency EUR slightly under pressure. While the greenback trades dead flat against its major peers, providing little incentive to the EUR/USD pair.Markets now look forward to the Spanish employment numbers and Eurozone Sentix gauge for further momentum on the major, ahead of a light trading session as the American markets are closed today in observance of Independence Day.EUR/USD Technical Levels              In terms of technicals, the pair finds the immediate resistance 1.1150 (psychological levels). A break beyond the last, doors will open for a test of 1.1198/1.1200 (20-DMA/ round number). On the flip side, the immediate support is placed at 1.1125/21 (Daily & NY low) below which at 1.1096 (1h 100-SMA) could be tested.


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