15 Sep 2015
EUR/USD around 1.1310 post-ZEW
FXStreet (Edinburgh) - The single currency remained apathetic after the mixed results from the ZEW Survey today, with EUR/USD meandering in the low-1.1300s so far.
EUR/USD bounces off 1.1280
Spot showed no reaction after the German ZEW Survey saw mixed results for the current month, with Economic Sentiment slumping to 12.1 from 25.0 previous and Current Situation surpassing both forecasts and August’s reading at 67.5.
In the euro area, Economic Sentiment has followed suit, down to 33.3 from 47.6 and the trade surplus has ticked higher to a seasonally adjusted €22.4 billion during July vs. €21.9 posted in the previous month.
EUR/USD key levels
The pair is retreating 0.03% at 1.1314 facing the next support at 1.1283 (low Sep.14) ahead of 1.1253 (low Sep.11) and then 1.1147 (low Sep.9). On the flip side, a breakout of 1.1374 (high Sep.14) would open the door to 1.1498 (high Aug.23) and finally 1.1523 (high Aug.27).
EUR/USD bounces off 1.1280
Spot showed no reaction after the German ZEW Survey saw mixed results for the current month, with Economic Sentiment slumping to 12.1 from 25.0 previous and Current Situation surpassing both forecasts and August’s reading at 67.5.
In the euro area, Economic Sentiment has followed suit, down to 33.3 from 47.6 and the trade surplus has ticked higher to a seasonally adjusted €22.4 billion during July vs. €21.9 posted in the previous month.
EUR/USD key levels
The pair is retreating 0.03% at 1.1314 facing the next support at 1.1283 (low Sep.14) ahead of 1.1253 (low Sep.11) and then 1.1147 (low Sep.9). On the flip side, a breakout of 1.1374 (high Sep.14) would open the door to 1.1498 (high Aug.23) and finally 1.1523 (high Aug.27).