EUR/USD pushes higher, ignores data

By FXstreet.com | Updated July 30, 2014 AAA

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).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR slides on failing to price in fundamentals – RBS

  2. Forex News

    EUR/USD prints fresh 12-year lows

  3. Forex News

    USD flaunts its strength, AUD/USD consolidation ending – Kshitij Consultancy

  4. Forex News

    Euro May Rise as ECB Policy Announcement Triggers Profit-Taking

  5. Forex News

    EUR/USD now eyeing 1.1000 – UOB

Trading Center