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

    EUR/USD around 1.1030, EU Summit eyed

  2. Forex News

    FX option expiries for today

  3. Forex News

    Trading Video: Euro Volatility to Intensify, Equities Pause Collapse

  4. Forex News

    EUR/USD Technical Analysis: Key Support Below 1.10 Mark

  5. Forex News

    What are the Traits of Successful Traders?

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!