18 Feb 2014
EUR/USD back to 1.3710 on ZEW
FXStreet (Edinburgh) - The single currency retraces its earlier advance to fresh tops, taking the EUR/USD back to the area of 1.3715/10.
EUR/USD keeps the range on mixed ZEW
The EUR’s upside seems to remain intact despite the German ZEW Survey came in in a mixed tone for February, with Current Situation improving to 50 vs. 44.0 expected, while Economic Sentiment dropped to 55.7 from 61.7 estimated. EMU’s ZEW survey missed forecasts, with Economic Sentiment weakening to 68.5 vs. 73.9 expected and 73.3 previous.
EUR/USD significant levels
The pair is now advancing 0.09% at 1.3717 with the next resistance at 1.3740 (high Jan.24) followed by 1.3776 (2014 highs Jan.2). On the flip side, a breakdown of 1.3608 (Kijun Sen line) would aim for 1.3595 (daily cloud base) and then 1.3585 (low Feb.13).
EUR/USD keeps the range on mixed ZEW
The EUR’s upside seems to remain intact despite the German ZEW Survey came in in a mixed tone for February, with Current Situation improving to 50 vs. 44.0 expected, while Economic Sentiment dropped to 55.7 from 61.7 estimated. EMU’s ZEW survey missed forecasts, with Economic Sentiment weakening to 68.5 vs. 73.9 expected and 73.3 previous.
EUR/USD significant levels
The pair is now advancing 0.09% at 1.3717 with the next resistance at 1.3740 (high Jan.24) followed by 1.3776 (2014 highs Jan.2). On the flip side, a breakdown of 1.3608 (Kijun Sen line) would aim for 1.3595 (daily cloud base) and then 1.3585 (low Feb.13).