EUR/USD clinches highs near 1.1350, ZEW eyed

The shared currency remains on a positive fashion on Tuesday, now pushing EUR/USD to the area of daily peaks near 1.1350.

EUR/USD stronger ahead of ZEW, Draghi

Spot continues to gather traction against a backdrop of broad-based risk-on conditions in the global markets, all exclusively supported by the likeliness of the UK staying as a member of the European Union at the referendum on Thursday. Furthermore, latest poll results places the ‘Remain’ vote up by 7%, sustaining further the upbeat momentum in the risk-associated space.

Later in the session, German/EMU’s ZEW Survey is expected to ease a tad during June, while market participants will remain focused on the speech by President M.Draghi and the testimony by Chair J.Yellen.

EUR/USD levels to watch

The pair is now advancing 0.22% at 1.1340 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).