EUR/USD is not showing much movement on Tuesday, as the pair trades quietly in the mid-1.36 range in the European session. In the Eurozone, today’s sole event is remarks from ECB head Mario Draghi, who is attending an ECB forum in Lisbon. In the US, the markets are back to work after the Memorial Day holiday. There are two key events on the calendar – Core Durable Goods Orders and CB Consumer Confidence. EUR/USD edged higher in the Asian session but could not consolidate these gains, closing the session at 1.3647. The pair is unchanged in European trading. Current range: 1.3560 to 1.3650. Further levels in both directions: Below: 1.3560, 1.3515 and 1.3475 and 1.34 Above: 1.3650, 1.37, 1.3740, 1.3785, 1.3830, 1.3865, 1.3905, 1.3964 and 1.40 1.3560 is providing strong support. On the upside, 1.3650 remains under strong pressure. The round number of 1.37 follows. EUR/USD Fundamentals 12:30 US Core Durable Goods Orders. Estimate 0.2%. See how to trade this event with EUR/USD. 12:30 US Durable Goods Orders. Estimate -0.5%. 13:00 US S&P/CS Composite-20 HPI. Estimate 11.9%. 13:00 US HPI. Estimate 0.5%. 13:30 ECB President Mario Draghi Speaks. 13:45 US Flash Services PMI. Estimate 55.6 points. 14:00 US CB Consumer Confidence. Estimate 83.2 points. 14:00 US Richmond Manufacturing Index. Estimate 5 points. *All times are GMT For more events and lines, see the Euro to dollar forecast. EUR/USD Sentiment Draghi utters the “D” word: Despite clear signals to the contrary, ECB head Mario Draghi has shrugged off concerns about deflation in the Eurozone for months. That finally changed on Monday, when Draghi acknowledged that deflation was a serious issue and that the ECB stood ready to take action. The markets looked at his remarks as another sign that the ECB could take action in June. The central bank has a host of tools it can implement, including a reduction in interest rates, asset purchases, or liquidity injections. Any one of these moves would likely have a strong impact on EUR/USD, which has retracted somewhat since testing the 1.40 level earlier in May. Shock in Europe as eurosceptic parties surge: Anti-EU parties posted stunning victories in European parliamentary elections held on Sunday. These “eurosceptic” parties posted made strong gains across the continent, notably in France, the UK and Greece. With the Eurozone struggling with low growth and high unemployment, voters had a chance to lash back in the elections, and their frustration and anger was heard loud and clear at the ballot box. French Prime Minister Manuel Valls called the results an “earthquake” and the elections could weigh on the euro, although so far the currency has remained firm. Fed discusses QE exit plans: There were no surprises from the Federal Reserve minutes on Wednesday, and there was no dramatic response from the markets. In the minutes, policymakers discussed an exit strategy from its QE stimulus program, which is set to terminate at the end of 2014. This will likely mean an increase in interest rates once QE is over and done with, but the minutes didn’t provide a timetable as to when rates might go up and by how much. Low inflation levels means there is less pressure on the Fed to raise rates next year, but the economic conditions could change in the meantime. The Federal Reserve remains comfortable with its accommodative stance, and will want to see stronger growth and employment numbers before making changes to monetary policy, such as raising rates. Euro PMIs point down: Eurozone, German and French Manufacturing PMIs weakened in April, pointing to trouble in the manufacturing sector of the major Eurozone members. The French indicator dipped to 49.3 points, pointing to contraction. German and Eurozone data remained above the 50-point level, which points to expansion, but both fell short of expectations. Weak PMIs is one more reason why the ECB could make a monetary move in June. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher EUR/USD DailyForex News Today: Daily Trading News share Read Next The EU changes its tone FxPro - Forex Broker 8 years EUR/USD is not showing much movement on Tuesday, as the pair trades quietly in the mid-1.36 range in the European session. In the Eurozone, today's sole event is remarks from ECB head Mario Draghi, who is attending an ECB forum in Lisbon. In the US, the markets are back to work after the Memorial Day holiday. There are two key events on the calendar - Core Durable Goods Orders and CB Consumer Confidence. EUR/USD edged higher in the Asian session but could not consolidate these gains, closing the session at 1.3647. 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