FXStreet (Córdoba) - The EUR/USD received a boost and climbed to fresh daily highs at the beginning of the European session as investors await the release of Germany's IFO survey.



However, the euro has been quite resilient to economic data lately. Yesterday, disappointing Eurozone PMIs, dovish commentary from ECB's Nowotny and higher-than-expected US existing home sales made little impact on the EUR/USD, which spent most of the day oscillating around 1.3600. As for the IFO survey, consensus for the headline Business Climate points to a tenth consecutive fall from 110.4 to 110.2.



EUR/USD technical levels



At time of writing, the EUR/USD is trading at the 1.3605 area, having hit a high of 1.3611. As for technical levels, immediate resistances could be found at 1.3612 (Jun 23 high), 1.3633 (Jun 20 high) and 1.3642 (Jun 19 high). On the flip side, supports could be found at 1.3590 (20-day SMA), 1.3575 (10-day SMA) and 1.3563 (Jun 20 low).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    A Fundamental Push for Key EURUSD, GBPUSD and USDJPY Levels?

  2. Forex News

    EURUSD and GBPUSD Will Decide Make-or-Break In Holiday Trading Conditions

  3. Forex News

    Holiday Conditions and Record Equities Remind of Bigger Liquidity Risks

  4. Forex News

    Greek optimism hitting brick wall - BBH

  5. Forex News

    EUR/USD re-focused on 1.1000

Trading Center