EUR/USD visiting daily highs near 1.1340, looks to ECB, US CPI
EUR/USD now focused on ECB, data
The pair is advancing for the second session in a row on Wednesday, navigating weekly highs in the 1.1340 region, coincident with a Fibo retracement of the 2019 decline.
Today’s calendar in Euroland highlights the speeches by ECB’s Mario Draghi (11:15), Luis De Guindos and Benoit Coeure at the 8th ECB Conference on central, eastern and south-eastern European countries (CESEE), in Frankfurt.
Across the pond, all eyes will be upon the release of May’s US inflation figures tracked by the CPI. at 15:30
EUR/USD levels to watch
At the moment, the pair is gaining 0.09% at 1.1336 and a breakout of 1.1347 (high Jun.7) would target 1.1364 (200-day SMA) en route to 1.1448 (monthly high Mar.20).
Trading Central – EURUSD: the sentiment is a buy to 1.1360 if above 1.1315.
Trading Central – USDCHF: the sentiment is a sell down to 0.9710 if below 1.0080.
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