FXStreet (Córdoba) - The rise of the EUR/USD gathered pace within the last minutes, with the pair climbing to fresh weekly highs ahead of the Federal Reserve last meeting’s minutes.



The EUR/USD broke above the 1.3630 area and spiked to a fresh post-ECB/NFP high of 1.3642 as the greenback loses ground across the board. Earlier, the shared currency received a boost from ECB's Coene saying the EUR is not too strong.



Investors focus remain on the FOMC minutes due to be released at 18:00 GMT, hoping they could shed some light on when the Fed will hike rates.



EUR/USD levels to watch



At time of writing, the EUR/USD is trading at 1.3637, up 0.11% on the day, with immediate resistances at 1.3660 (50-day SMA) and 1.3675 (200-day SMA). On the other hand, supports are seen at 1.3604 (21-day SMA), 1.3587 (Jul 8 low) and 1.3575 (Jul 7 low).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Heavy Event Risk in Jobs Data, Rate Decision Will Confront Summer Trading

  2. Forex News

    US Dollar as ‘Data Dependent’ as the Fed as NFPs Approach

  3. Forex News

    Strategy Video: Am I Over or Under Trading, And How Do I Correct It?

  4. Forex News

    Nonfarm Payrolls coming up: expectations -TDS

  5. Forex News

    EUR/USD regains 1.10, Payrolls eyed

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!