FXStreet (Edinburgh) - EUR/USD remains trading in the upper bound of the daily range around 1.0760/65 following the releases in the US calendar.
EUR/USD up a big-figure
The upbeat tone around the euro remains intact now, with spot sustaining the rebound from the 1.0660 area, advancing over a big-figure to session tops just above 1.0780.
The pair posted little reaction after US Initial Claims came in at 295K in the week ended on April17th, almost matching prior forecasts for 294K. Next of significance in the pair will be New Home Sales (523K exp. in March) and Markit’s flash manufacturing PMI.
EUR/USD levels to watch
At the moment the pair is gaining 0.21% at 1.0746 with the next hurdle at 1.0783 (high Apr.23) ahead of 1.0801 (high Apr.22) and then 1.0825 (high Apr.20). On the downside, a breach of 1.0660 (low Apr.21) would open the door to 1.0646 (61.8% of 1.0521-1.0849) and finally 1.0624 (low Apr.16).