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EUR/USD on verge of more bullish pattern; a close above 1.3578 is needed

FXstreet.com (Barcelona) – The EUR/USD is off modestly to start Wednesday’s session after bulling through one potential resistance level but falling shy of the next, more critical one at 1.3577.

EUR/USD traders to monitor German and US data later in the session

The data flow that may have an impact on the EUR/USD Tuesday includes: German Consumer Confidence; German 10-Year Bund Auction; US Durable Goods Orders; US Weekly Jobless Claims; US Chicago PMI; US Leading Indicators; and the US University of Michigan Consumer Sentiment.

Technical outlook for EURUSD

Technicians say the EUR/USD has key resistance at last Wednesday’s …read more