EUR/USD steadies around 1.0900 with eyes on ECB’s Lagarde, US statistics

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• EUR/USD struggles to defend the week-start rebound ahead of top-tier data/events.
• Euro buyers ignore upbeat US data versus downbeat German IFO figures as ECB President Lagarde’s speech looms.
• US Dollar bulls stay hopeful after Fed Chair Powell’s hawkish testimony, seek validation of upside bias from data.
• US Durable Goods Orders for May, CB Consumer Confidence for June eyed for clear directions.

EUR/USD treads water around 1.0900 as bulls seek fresh clues to defend the week-start rebound amid the early hours of Tuesday’s Asian session. That said, the Euro pair began the week on a front foot by snapping a two-day losing streak around the lowest levels since June 15. In doing so, the major currency pair ignored downbeat German economics, as well as firmer US data.