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EUR/USD keeps holding above daily kijun, slow progress above 1.36

FXstreet.com (Barcelona) – EUR/USD has been slowly but steady drifting higher this week, with stronger buying interest on dips since the break and close above the daily Kijun line at 1.3560 on Tueday, leading to rises capped by 1.3620 thus far.

EU data ahead

While the US markets will remain closed due to thanksgiving festivities, traders should keep an eye in some important economic releases out of Europe, including German retail sales, EU CPI numbers and unemployment numbers.

EUR/USD technicals

Technically, as Jim Langlands, Founder at FXCharts, notes: “If we get above there after the EU data later today, the points to watch …read more