The currency pair surged on Tuesday and broke out 1.2038. EUR/USD stays above this level at press time.

Closest support areas: 1.2038, 1.1986, 1.1941

Closest resistance areas: 1.2087, 1.2143, 1.2200

Macroeconomic data

EUR

German Retail Sales m/m

Spanish Unemployment Change

Italian Monthly Unemployment Rate

PPI m/m

Unemployment Rate

USD

ADP Non-Farm Employment Change

FOMC Member Quarles Speaks

Fed Chair Powell Testifies

FOMC Member Williams Speaks

Beige Book