EUR/USD is seen consolidating the recovery from 1.0960 region and wavers in a slim range in the Asian trades, with markets now awaiting the Eurozone CPI data for fresh incentives. EUR/USD keeps 1.10 handle Currently, EUR/USD trades 0.14% higher at fresh session highs of 1.1031, having posted day’s low at 1.0005. The recovery in the main currency pair lost steam near the mid-point of 1.10 handle and the prices drifted lower to test 1.1000 levels, before recovering some ground as the mixed sentiment on the Asian markets underpins the EUR. The Japanese stocks regained poise and now jumps +1%, while the Chinese benchmark Shanghai Composite slumps over -3.50%. Moreover, the greenback remains largely subdued against its major rival after the US economic data released on Wednesday failed to impress the USD bulls, offering some support to EUR/USD. The new home sales unexpectedly dived 9.2% to 494,000 in Jan, against a 4.4% drop to 520,000 expected. Further, mixed Fed speaks also undermined the buck and lifted the EUR/USD pair from three-week lows. Fed’s Fischer warned that tighter financial conditions could affect growth in the US. While Fed’s George and Lacker advocated further rate hikes in 2016. While Fed’s Bullard sounded upbeat on the US inflation outlook. Calendar-wise, the major is expected to closely track the Euro zone final CPI data ahead of the US durable goods release. While the oil price action will continue to grab the eyeballs. EUR/USD Technical Levels In terms of technicals, the pair finds the immediate resistance at 1.1042/47 (5-DMA/ Feb 24 High). A break beyond the last, doors will open for a test of 1.1100 (round number). On the flip side, the immediate support is placed at 1.1005/00 (daily low/ psychological levels) below which at 1.0985 (50-DMA) could be tested. For more information, read our latest forex news.