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EUR/USD closing on the id ahead of risk events

FXStreet (Guatemala) - EUR/USD is trading at 1.2541, up 0.51% on the day, having posted a daily high at 1.2545 and low at 1.2398.

EUR/USD is heading towards a positive close at the end of this weeks business, however risk for the EUR/USD now comes in the form of the weekends G20. We have the President of the ECB’s quarterly testimony and speech also. We will then be scrutinising the FOMC soon and looking for clues as to timings of the Fed’s first rate hike.

EUR/USD noteworthy levels

Current price is 1.2542, with resistance ahead at 1.2545 (Daily High), 1.2553 (Daily 20 SMA), 1.2568 (Weekly Classic R1), 1.2572 (Daily Classic R3) and 1.2683 (Weekly Classic R2). Next support to the downside can be found at 1.2533 (Daily Classic R2), 1.2505 (Daily Classic R1), 1.2493 (Yesterday's High), 1.2478 (Daily Open) and 1.2478 (Weekly High).

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