24 Jun 2014
EUR/USD pushes higher, ignores data
FXStreet (Córdoba) - The euro has proved very resilient to economic data lately, having shrugged-off yesterday's Eurozone PMIs and German IFO disappoint Tuesday.
The EUR/USD managed to advance to fresh 4-day highs during the European session as it seems the lack of clear signs from the Fed last week is a stronger mover for the pair. At time of writing, the EUR/USD is trading at the 1.3620 area, 0.13% above its opening price, having reached a high of 1.3625 in recent dealings.
EUR/USD levels to watch
If the euro strengthens further, it could find next resistance levels at 1.3633 (Jun 20 high), 1.3642 (Jun 19 high) and 1.3666 (200-day SMA). On the other hand, supports could be found at 1.3590 (20-day SMA), 1.3575 (10-day SMA) and 1.3563 (Jun 20 low).
The EUR/USD managed to advance to fresh 4-day highs during the European session as it seems the lack of clear signs from the Fed last week is a stronger mover for the pair. At time of writing, the EUR/USD is trading at the 1.3620 area, 0.13% above its opening price, having reached a high of 1.3625 in recent dealings.
EUR/USD levels to watch
If the euro strengthens further, it could find next resistance levels at 1.3633 (Jun 20 high), 1.3642 (Jun 19 high) and 1.3666 (200-day SMA). On the other hand, supports could be found at 1.3590 (20-day SMA), 1.3575 (10-day SMA) and 1.3563 (Jun 20 low).