21 Jan 2014
EUR/USD keeps 1.3540 after ZEW
FXstreet.com (Edinburgh) - After a brief knee-jerk to 1.3525 post-ZEW, the EUR/USD managed to regain the composure and return to the 1.3540/45 region on Tuesday.
EUR/USD unchanged after ZEW
The German ZEW Survey came in mixed for the month of January, with the Economic Sentiment component falling to 61.7 from December’s 62 and the Current Situation component climbing to 41.2 from 32.4. Regarding the EMU, Economic Sentiment bettered both expectations and previous print, coming in at 73.3 vs. 70.2 and 68.3, respectively. Spot is expected to keep within the intraday range, as no releases are due in the US session apart from corporate earning reports.
EUR/USD key levels
At the moment the pair is retreating 0.21% at 1.3535 eyeing the next support at 1.3508 (2014 low Jan.20) ahead of 1.3490 (low Nov.25) and then 1.3463 (low Nov.22). On the flip side, a break above 1.3563 (high Jan.21) would aim for 1.3567 (high Jan.20) and finally 1.3600 (psychological level).
EUR/USD unchanged after ZEW
The German ZEW Survey came in mixed for the month of January, with the Economic Sentiment component falling to 61.7 from December’s 62 and the Current Situation component climbing to 41.2 from 32.4. Regarding the EMU, Economic Sentiment bettered both expectations and previous print, coming in at 73.3 vs. 70.2 and 68.3, respectively. Spot is expected to keep within the intraday range, as no releases are due in the US session apart from corporate earning reports.
EUR/USD key levels
At the moment the pair is retreating 0.21% at 1.3535 eyeing the next support at 1.3508 (2014 low Jan.20) ahead of 1.3490 (low Nov.25) and then 1.3463 (low Nov.22). On the flip side, a break above 1.3563 (high Jan.21) would aim for 1.3567 (high Jan.20) and finally 1.3600 (psychological level).