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21 Apr 2015
EUR/USD muted on ZEW
FXStreet (Edinburgh) - The common currency kept the composure following the release of the ZEW Survey, with EUR/USD hovering over the 1.0670 area.
EUR/USD indifferent on mixed ZEW
The pair keeps the sub-1.0700 levels after the ZEW Survey in Germany came in mixed, showing Current Situation surpassing estimates while Economic Sentiment for the current month missed consensus. Further data saw EMU’s Economic Sentiment improving to 64.8, bettering both the median and March’s reading.
EUR/USD levels to consider
The pair is now losing 0.63% at 1.0669 and a breakdown of 1.0660 (low Apr.21) would open the door to 1.0646 (61.8% of 1.0521-1.0849) and finally 1.0624 (low Apr.16). On the flip side, the initial hurdle aligns at 1.0789 (21-d MA) followed by 1.0825 (high Apr.20) and then 1.0849 (high Apr.17).
EUR/USD indifferent on mixed ZEW
The pair keeps the sub-1.0700 levels after the ZEW Survey in Germany came in mixed, showing Current Situation surpassing estimates while Economic Sentiment for the current month missed consensus. Further data saw EMU’s Economic Sentiment improving to 64.8, bettering both the median and March’s reading.
EUR/USD levels to consider
The pair is now losing 0.63% at 1.0669 and a breakdown of 1.0660 (low Apr.21) would open the door to 1.0646 (61.8% of 1.0521-1.0849) and finally 1.0624 (low Apr.16). On the flip side, the initial hurdle aligns at 1.0789 (21-d MA) followed by 1.0825 (high Apr.20) and then 1.0849 (high Apr.17).