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Forex pairs in this Article » EUR/USD (Córdoba) - The Euro gained momentum early in the Asian session and climbed to 1.3631, fresh daily high. The EUR/USD bounced after approaching to 1.3600. Despite recent gains, the outlook remain sideways, facing resistance around 1.3650. Stocks in Asia are rising, with the Nikkei 225 up 1.06% and the Hang Seng 0.88%.

In the previous two days the EUR/USD tested levels on top of 1.3650 but it was unable to break higher. A clear break above could increase the interest of buyers. Resistance levels above lie at 1.3670 and 1.3710. To the downside support comes at 1.3595 (January 7th low), 1.3570 (January 6th low) and 1.3530.

EUR/USD waiting for US employment data and FOMC minutes

With important reports coming, trading in the EUR/USD could remain limited, in ranges. Before Wall Street opens on Wednesday, the ADP employment report numbers will be release while during the second half of the American session, the Board of Governors of the Federal Reserve will publish the minutes of the last FOMC meeting, when “tappering” was announced.
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