21 Jan 2014
EUR/USD regains 1.3550, eyes on ZEW
FXstreet.com (Edinburgh) - The shared currency managed to bounce off the 1.3540 area overnight just to push the EUR/USD a tad higher to the mid 1.35s before the opening bell in London on Tuesday.
EUR/USD focus on ZEW
The pair would look to extend the rebound from last week’s lows near 1.3500 the figure, as market expectations point to a better reading of the German/EMU ZEW Survey for the month of January, to be released during the European morning. While markets across the pond will return to normalcy after yesterday’s holiday, corporate earnings (Johnson & Johnson and IBM) would grab all the attention.
EUR/USD key levels
The pair is now losing 0.09% at 1.3552 with the next support at 1.3486 (MA55m) followed by 1.3462/72 (September/October lows). On the other side, a breakout of 1.3609 (MA55d) would open the door to 1.3776 (high Jan.2).
EUR/USD focus on ZEW
The pair would look to extend the rebound from last week’s lows near 1.3500 the figure, as market expectations point to a better reading of the German/EMU ZEW Survey for the month of January, to be released during the European morning. While markets across the pond will return to normalcy after yesterday’s holiday, corporate earnings (Johnson & Johnson and IBM) would grab all the attention.
EUR/USD key levels
The pair is now losing 0.09% at 1.3552 with the next support at 1.3486 (MA55m) followed by 1.3462/72 (September/October lows). On the other side, a breakout of 1.3609 (MA55d) would open the door to 1.3776 (high Jan.2).