EUR/USD around highs near 1.1340 ahead of ZEW

The single currency has found decent support in the 1.1300 area in overnight trading, lifting EUR/USD to the area of daily highs in the 1.1330/40 band.

EUR/USD focus on ZEW, Yellen, Draghi

The pair is posting decent gains once again although its recent upside seems to have run out of steam after yesterday’s tops in the vicinity of 1.1400 the figure.

In the meantime, alleviated fears on the likeliness of a ‘Brexit’ scenario at the UK Referendum on Thursday remains the exclusive driver of the sentiment in the global markets so far.

Ahead in the session, German/EMU ZEW Survey will be in the limelight followed by the speech by President Draghi and Yellen’s testimony.

EUR/USD levels to watch

The pair is now advancing 0.19% at 1.1336 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).