During early NA trading session, the EUR/USD pair jumped to print fresh session high level of 1.1075 but failed to extended the momentum and has now retraced back to currently trade with only tepid gains around 1.1050-55 band.
Despite of Friday's blockbuster headline NFP number from the US, the pair remained well anchored and has repeatedly attempted to bounce-off 1.1030-20 support area. Meanwhile, the pair has failed to extract any benefit from improving investor risk sentiment as depicted by rally across global equity markets.
Moreover, the pair's bounce-back from lower levels has failed to attract fresh buying interest, thus, restricting the pair within a short-term narrow trending range.
In absence of any economic releases on Monday and on Tuesday, as well, the pair might continue to be driven by sentiment surrounding the US Dollar. Moreover, any further developments around the historic Brexit referendum has the potential to shake / boost investor risk appetite and provide some short-term momentum for the pair.
Support levels: 1.1005 1.0960 1.0920. Resistance levels: 1.1065 1.1100 1.1145