17 Feb 2015
EUR/USD rejected at 1.1400 post-ZEW
FXStreet (Edinburgh) - The common currency is now coming back to the 1.1370/75 band after EUR/USD hit session highs in the 1.1400 neighbourhood.
EUR/USD firmer on ZEW
The pair remains in the positive territory after the ZEW Survey in the German economy posted mixed results in February. Economic Sentiment came in at 53 vs. 55.0 expected while Current Situation jumped to 45.5 from 30.0 forecasted. In the euro area, the ZEW improved to 52.7 vs. 51.3 expected and January’s 45.2.
EUR/USD key levels
At the moment the pair is up 0.31% at 1.1382 with the next hurdle at 1.1400 (psychological handle) ahead of 1.1443 (high Feb.13) and then 1.1499 (high Feb.5). On the flip side, a breakdown of 1.1303 (low Feb.12) would expose 1.1300 (psychological level) and finally 1.1270 (low Feb.9).
EUR/USD firmer on ZEW
The pair remains in the positive territory after the ZEW Survey in the German economy posted mixed results in February. Economic Sentiment came in at 53 vs. 55.0 expected while Current Situation jumped to 45.5 from 30.0 forecasted. In the euro area, the ZEW improved to 52.7 vs. 51.3 expected and January’s 45.2.
EUR/USD key levels
At the moment the pair is up 0.31% at 1.1382 with the next hurdle at 1.1400 (psychological handle) ahead of 1.1443 (high Feb.13) and then 1.1499 (high Feb.5). On the flip side, a breakdown of 1.1303 (low Feb.12) would expose 1.1300 (psychological level) and finally 1.1270 (low Feb.9).