EUR/USD spending time above 1.3600

By FXstreet.com | June 27, 2014 AAA

FXStreet (Córdoba) - After being rejected by the 1.3635 zone, the EUR/USD slid back to its opening levels and has spent the last hours in quiet consolidation, unaffected by a series of disappointing Eurozone sentiment data.



The EUR/USD will probably extend its consolidation phase into the weekend as investors gear up for next week’s ECB meeting and US nonfarm payrolls, moved to Thursday due to the US Independence Day Friday. Data out today includes Germany’s CPI and the Reuters/Michigan consumer confidence index.



At time of writing, the EUR/USD is trading at 1.3612, virtually unchanged on the day. The euro however, remains on track for a minor weekly gain, having recovered from a low of 1.3575 over the last sessions.



EUR/USD technical levels



As for technical levels,next resistances for EUR/USD line up at 1.3650 (Jun 25 high), 1.3669 (200-day SMA) and 1.3668 (Jun 9 high). On the flip side, supports are seen at 1.3575 (Jun 26 & 23 lows),1.3563 (Jun 20 low) and 1.3540 (Jun 18 low).



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