The currency pair continued to establish new highs on Tuesday, but we see a bearish divergence alert, which may result in a correction at least. EUR/USD stays below 1,1424 in the moment of writing.

Closest support areas: 1,1396, 1,1366, 1,1336

Closest resistance areas: 1,1424, 1,1465, 1,1491

Macroeconomic data

EUR

French Flash GDP q/q

German GfK Consumer Climate

German Import Prices m/m

German Prelim CPI m/m

French Consumer Spending m/m

USD

ADP Non-Farm Employment Change

Pending Home Sales m/m

FOMC Statement

Federal Funds Rate

FOMC Press Conference