EUR/USD unchanged near 1.1070 ahead of ZEW

The single currency is marginally lower vs. the greenback on Tuesday, taking EUR/USD to the 1.1070/75 band at the end of the Asian session.

EUR/USD focus on ZEW

The pair is trading almost unchanged ahead of the ZEW Survey in Germany and the euro area. Market consensus expects the recent ‘Brexit’ vote to weigh on the Economic Sentiment during the current month, dragging it lower from June readings.

Across the pond, the US housing sector will take centre stage with the releases of Housing Starts and Building Permits during last month.

EUR/USD levels to watch

The pair is now losing 0.04% at 1.1072 and a breakdown of 1.0999 (low Jul.8) would open the door to 1.0913 (post-Brexit low Jun.24) and then 1.0820 (low Mar.10). On the flip side, the initial up barrier aligns at 1.1084 (200-day sma) followed by 1.1166 (high Jul.14) and then 1.1184 (high Jul.5). On the other hand,