EUR/USD pushing higher near 1.1270

The single currency keeps the firm note today, now pushing EUR/USD to fresh multi-day tops around 1.1270.

EUR/USD boosted by Draghi

The pair is up around a cent since yesterday’s lows in the 1.1170 region following unexpected hawkish comments by President Draghi at the ECB Forum earlier in the morning.

Draghi emphasized the now broad-based economic recovery in the euro area, adding that the central bank could modify its policy in order to keep its stance unchanged.

The greenback, tracked by the US Dollar Index, tumbled to fresh 2-week lows following Draghi’s speech and is currently under pressure in the mid-96.00s ahead of the speech by Chief J.Yellen expected later in the NA session.

Further data in the US docket will see US home prices tracked by the S&P/Case-Shiller index followed by CB’s consumer confidence and more speeches by Philly Fed P.Harker (voter, hawkish) and Minneapolis Fed N.Kashkari (voter, dovish).

EUR/USD levels to watch

At the moment, the pair is gaining 0.79% at 1.1269 facing the next up barrier at 1.1275 (high Jun.27) followed by 1.1296 (2017 high Jun.14) and then 1.1300 (high Nov.9). On the other hand, a breakdown of 1.1130 (low Jun.15) would target 1.1108 (low May 30) en route to 1.1073 (76.4% Fibo of 1.1300-1.0339).