EUR/USD is keeping hold of 1.36 with risk events ahead

By FXstreet.com | June 19, 2014 AAA

FXStreet (Guatemala) - Currently, EUR/USD is trading at 1.3610, up 0.02% on the day, having posted a daily high at 1.3613 and low at 1.3604.

EUR/USD looks to be finishing up on the lower level of the 1.36 handle this week in Asia having pushed up from below the mid way point of 1.35 and scoring a high of 1.3644 while the high for the month so far has been 1.3678. However, we still have something to play for in Europe, with the current account and consumer confidence on the calendar. Rob Rennie, analyst at Westpac Banking Corporation ABN explained that the current account data is an important update on overall flows into Europe. “While April data predates Draghi's recent moves, it will nonetheless give us an important update on the forces that continue to support the EUR at levels well above those which the ECB would be happy with”.

EUR/USD Levels

Current price is 1.3610, with resistance ahead at 1.3613 (Daily High), 1.3617 (Daily Classic R1), 1.3636 (Weekly Classic R1), 1.3638 (Daily Classic R2) and 1.3644 (Yesterday's High). Next support to the downside can be found at 1.3610 (Daily 20 SMA), 1.3609 (Hourly 20 EMA), 1.3608 (Daily Open), 1.3607 (Weekly High) and1.3604 (Daily Low).

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