EUR/USD around 1.1340 on upbeat ZEW

EUR/USD keeps the trade above the 1.1300 handle today, barely reacting to the positive results from the ZEW Survey.

EUR/USD ignores ZEW, looks to Draghi, Yellen

The pair kept the composure in spite of the ZEW Survey showed Economic Sentiment in both Euroland and Germany has come in above expectations for the month of June. In addition, Germany’s Current Conditions have also surprised to the upside at 54.5.

Spot navigates in a narrow range near 1.1330 after briefly testing the vicinity of key support at 1.1300 the figure during overnight trade, with traders now focusing on the speech by ECB’s M.Draghi and the testimony by Chief J.Yellen.

EUR/USD levels to watch

The pair is now advancing 0.17% at 1.1334 and a break above 1.1417 (high Jun.8) would expose 1.1466 (high Apr.12) and then 1.1617 (2016 high May 3). On the other hand, the immediate support aligns at 1.1306 (55-day sma) followed by 1.1262 (20-day sma) and finally 1.1129 (low Jun.16).