16 Jul 2013
EUR/USD eases to 1.3060 on ZEW
FXstreet.com (Edinburgh) -The bloc currency dipped to 1.3050 after the mixed results from the ZEW Survey in the euro area and Germany, with the EUR/USD bouncing afterwards to the current 1.3060 region.
EUR/USD upside capped by 1.3100
The recent correction higher in the pair is seems now to be faltering around 1.3100 the figure on Tuesday, after the mixed results from the German ZEW Survey in July dragged the pair lower. Economic Sentiment dropped to 36.3 vs. 38.5 while Current Situation improved to 10.6 from 8.6. In the euro area, Economic Sentiment bettered to 32.8 vs. 30.6. Further data from the bloc showed that consumer prices matched the median, advancing 1.6% YoY and 0.1% on a monthly basis.
EUR/USD key levels
At the moment the pair is up 0.02% at 1.3068 facing the next hurdle at 1.3100 (high Jul12) ahead of 1.3118 (MA30d) and finally 1.3208 (high Jul.11). On the downside, a break below 1.3053 (low Jul.16) would target 1.2992 (low Jul.15) en route to 1.2982 (50% of 1.2755-1.3208).
EUR/USD upside capped by 1.3100
The recent correction higher in the pair is seems now to be faltering around 1.3100 the figure on Tuesday, after the mixed results from the German ZEW Survey in July dragged the pair lower. Economic Sentiment dropped to 36.3 vs. 38.5 while Current Situation improved to 10.6 from 8.6. In the euro area, Economic Sentiment bettered to 32.8 vs. 30.6. Further data from the bloc showed that consumer prices matched the median, advancing 1.6% YoY and 0.1% on a monthly basis.
EUR/USD key levels
At the moment the pair is up 0.02% at 1.3068 facing the next hurdle at 1.3100 (high Jul12) ahead of 1.3118 (MA30d) and finally 1.3208 (high Jul.11). On the downside, a break below 1.3053 (low Jul.16) would target 1.2992 (low Jul.15) en route to 1.2982 (50% of 1.2755-1.3208).