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19 Feb 2013
Forex: EUR/USD around 1.3355/60, ZEW eyed
The bloc currency is trading almost unchanged from Monday’s close, hovering over the mid 1.3300s ahead of the German/EMU ZEW Survey. Prior estimates expect the series to improve in both its components, Economic Sentiment and Current Situation.
The cross is navigating within a narrow range on Tuesday, climbing overnight from lows below 1.3340 to the boundaries of 1.3360
At the moment, the cross is up 0.04% at 1.3356 facing the next resistance at 1.3392 (high Feb.15) ahead of 1.3415 (hourly high/lows Feb.14) and 1.3422 (MA10d).
On the flip side, a breakdown of 1.3307 (low Feb.15) would lead the way to 1.3286 (low Jan.24) and finally 1.3271 (MA55d).
The cross is navigating within a narrow range on Tuesday, climbing overnight from lows below 1.3340 to the boundaries of 1.3360
At the moment, the cross is up 0.04% at 1.3356 facing the next resistance at 1.3392 (high Feb.15) ahead of 1.3415 (hourly high/lows Feb.14) and 1.3422 (MA10d).
On the flip side, a breakdown of 1.3307 (low Feb.15) would lead the way to 1.3286 (low Jan.24) and finally 1.3271 (MA55d).