Kicking off the session at 1.0608, Euro-Dollar currency pair peaks at 1.0635.

Currently trading at 1.0621, the Euro remains range-bound between 1.0594 and 1.0635.

United States ADP Nonfarm Employment Change (Dec) is next today at 13:15 UTC.

Meanwhile, Germany Trade Balance (Nov) released today at 07:00 UTC with a figure of 10.8 billion, while the previous figure was 6.9 billion. United States JOLTs Job Openings (Nov) came out at 10.46 million, while a consensus of analysts was expecting 10 million. United States ISM Manufacturing PMI (Dec) came out at 48.4, while a consensus of analysts was expecting 48.5.

Trend-focused traders would be interested to note that EUR/USD made an initial breakout above its 21 day Simple Moving Average at 1.062, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that Bollinger Band? analysis indicates that current price action is approaching the upper band at 1.0704, thereby suggesting that Euro-Dollar is becoming overvalued. Support/Resistance levels obtained from chart analysis indicate that Euro-Dollar's nearest support level is at 1.0545.

With market volatility ebbing, the current technical outlook indicates Euro-Dollar will remain range-bound for the immediate future.

A look at other currencies also shows bullish price action as EUR/GBP is up 0.51%. EUR/AUD is up 0.53%. EUR/JPY is up 0.38% to 140.95.

Furthermore, the market is looking at Euro Zone Consumer Price Index is expected tomorrow at 10:00 UTC. Tomorrow at 07:00 UTC data for Germany Factory Orders will be released, with an expected decline to -0.5% from the preceding figure of 0.8%. France Consumer Spending is projected to outperform its last figure with 1%. It previously stood at -2.8%; data will be released tomorrow at 07:45 UTC.

So far this year, the Euro has declined 1.24% while touching highs around 1.1456 earlier this year.?